Public Private Partnership Office
 

Project Profile (Updated: 9 February 2020)

Development Project of Rangamati Textile Mills Ltd.
Project Information
Details
Project Name:
Development Project of Rangamati Textile Mills Ltd.
Sector:
Textile
Department/Ministry:
Ministry of Textiles & Jute
Implementing Agency:
Bangladesh Textile Mills Corporation (BTMC)
Location:
Ranir Gaghra, Rangamati
Estimated Capital Cost:
< $6m
$6-30m
$30-80m
$80-200m
$200-500m
> $500m
Background:
Bangladesh Textile Mills Corporation (BTMC) was Established by virtue of the President Order no. 27, 1972 under Ministry of Textile and Jute. It started with 74 Nationalized Mills & established another 12 mills under ADP during 1975-85. Due to globalization/free market economy the government had to de-nationalize 65 mills during 1977-2010. Till date, 23 Mills exist with the BTMC at several prime zones around the country. However, most of them are not making the profit the way they could’ve. Recently, BTMC has taken steps to attract local and foreign investors to establish modern Textile mills through PPP.

Rangamati Textile Mills Ltd. located at Gaghra, Rangamati, was established in 1977. For the purpose of greater industrialization and mass employment BTMC expects to establish and rejuvenate the failing mill with joint venture and PPP. The total land area of the mill is 26.24 Acres. All the existing structure, if any machineries conditions are to be developed.
Objective:
  • Deliver an economically viable project in an environmentally and socially responsible manner subject to applicable laws and regulations;
  • Derive best possible commercial utilization for the available land;
  • Develop a world-class project for BTMC in terms of advanced construction technologies, safety and security based on seismic design principles and ecologically sustainable green construction principles.
Status:
Project Development Stage - Detailed Feasibility Study Ongoing
Note:
CCEA Approved (In Principle) on 20 December 2017
Contact:

Mirana Mahrukh
Director (Investment Promotion)
Phone: +88 02 55007417
E-mail: mirana@pppo.gov.bd
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Public Private Partnership Authority
Prime Minister's Office
1st Floor, NGO Affairs Bureau Bhaban
Plot: E-13 B Agargaon, Shere Bangla Nagar,
Dhaka-1207, Bangladesh.
Phone: +88 02 55007421
(Last updated 9 February 2020; subject to further revision.)
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