With the goal of attracting local and foreign investment to modernize and reopen closed textile mills, the Bangladesh government has called for open international tenders for four out of 16 textile mills through public-private partnerships (PPP). The move comes after the Bangladesh Textile Mills Corporation (BTMC) initiated a process of handing over two textile mills through PPP.
The four mills are: RR Textile Mills, Dost Textile Mills, Rajshahi Textile Mills and Magura Textile Mill. The tender process has already entered its second phase.
The BTMC will be the major partner of the PPP. The project will be distributed as per the partnership agreement and the government will only issue the land for building infrastructure.
The private parties will implement the project, maintain the mills and market the textile products produced, the official said.
The expected bidders or bidding consortiums have been asked to submit their proposals by March 7. The tenure of the partnership may be up to 30 years but could be renewed further.