Bangladesh Textile Mills Corporation, or BTMC, is a public corporation that owns and manages all government

textile mill Textile Manufacturing or Textile Engineering is a major industry. It is largely based on the conversion of fibre into yarn, then yarn into fabric. These are then dyed or printed, fabricated into cloth which is then converted into useful goods ...

s in Bangladesh and is located in

Dhaka Dhaka ( or ; bn, ঢাকা, Ḍhākā, ), formerly known as Dacca, is the capital and largest city of Bangladesh, as well as the world's largest Bengali-speaking city. It is the eighth largest and sixth most densely populated city i ...

. It manages 18 government owned textile factories.

History

The corporation was established on 26 March 1972 through the nationalization of

s in Bangladesh. It owns Eagle Textile in Chittagong. The Ministry for Textiles and Jute is responsible for running the corporation. The corporation has the largest liability of any state owned enterprise in Bangladesh with 76.54 billion taka in loans. Nearly 99% of its loans are in default. Rangamati Textile Mill is also owned by the corporation. It used to manage 86 government owned textile mills which has been reduced to the 18 today.

References

{{authority control 1972 establishments in Bangladesh Government-owned companies of Bangladesh Manufacturing companies based in Dhaka Textile companies of Bangladesh