Bangladesh Textile Mills Corporation, or BTMC,[1] is a public corporation that owns and manages all government textile mills in Bangladesh and is located in Dhaka.[2] It manages 18 government owned textile factories.[3]
| Abbreviation | BTMC |
|---|---|
| Formation | 1972 |
| Type | Government |
| Headquarters | Dhaka, Bangladesh |
| Location |
|
Region served | Bangladesh |
Official language | Bengali |
Chairman | Brigadier General Mahbub Ahmed Zakaria, |
| Website | www |
History edit
The corporation was established on 26 March 1972 through the nationalization of textile mills in Bangladesh.[4][5] It owns Eagle Textile in Chittagong.[6] The Ministry for Textiles and Jute is responsible for running the corporation.[7] The corporation has the largest liability of any state owned enterprise in Bangladesh with 76.54 billion taka in loans.[8] Nearly 99% of its loans are in default.[9] Rangamati Textile Mill is also owned by the corporation.[10] It used to manage 86 government owned textile mills which has been reduced to the 18 today.[3][11]
References edit
- ^ "Former athlete Firoza recalls old days". Prothom Alo. Archived from the original on 19 October 2016. Retrieved 14 October 2016.
- ^ "Bangladesh Textile Mills Corporation: Private Company Information". bloomberg.com. Retrieved 14 October 2016.
- ^ a b "BTMC moves to reopen six mills with Chinese help". The Financial Express. Dhaka. Archived from the original on 18 October 2016. Retrieved 14 October 2016.
- ^ "Public Sector Enterprise". Banglapedia. Retrieved 14 October 2016.
- ^ "bangladesh textile mills corporation". btmc.gov.bd. Retrieved 14 October 2016.
- ^ "Silk Board for raising duty on imported item". The Financial Express. Dhaka. Retrieved 14 October 2016.
- ^ "Divested jute, textile mills flouting conditions". The Financial Express. Dhaka. Retrieved 14 October 2016.
- ^ Ahmed, Hafez. "SoEs classified loans to 4 banks down to Tk 2.9b". The Financial Express. Dhaka. Archived from the original on 18 October 2016. Retrieved 14 October 2016.
- ^ "Losses pile up at state entities". The Daily Star. 13 June 2010. Retrieved 14 October 2016.
- ^ "No move yet to reopen Rangamati Textile Mill". The Daily Star. 5 February 2009. Retrieved 14 October 2016.
- ^ "Feeding RMG exports". theworldfolio.com. The Worldfolio. Retrieved 14 October 2016.