Public Private Partnership Office
 

Project Profile

Development Project of R.R Textile Mills Ltd.
Project Information
Details
Project Name:
Development Project of R.R Textile Mills Ltd.
Sector:
Textile
Department/Ministry:
Ministry of Textiles & Jute
Implementing Agency:
Bangladesh Textile Mills Corporation (BTMC)
Location:
Sitakunda, Chattagram
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.

R.R Textile mills Ltd. located at Sitakunda, Chattagram, was established in 1963. 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 18.95 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:
The project was in Procurement Stage (Bidding Phase) ongoing following CCEA approval (In Principle) on 20 December 2017, currently undergoing iterative review between the Ministry of Textiles and Jute and the Ministry of Law, with final submission to CCEA pending.
Note:
CCEA Approved (In Principle) on 20 December 2017
Contact:

.
Director (Investment Promotion)
Phone: +88 02 55007420
E-mail:
PPPO Logo
Public Private Partnership Authority
Prime Minister's Office
Plot: E, 13-B, 1st Floor, Sherebangla Nagar
Agargaon, Dhaka-1207
Bangladesh.
Phone: +88 02 55007421
(Last updated 20 February 2024; subject to further revision.)
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