Pran-RFL Group is going to build factories to manufacture products related to textiles on the land of two shuttered mills of the Bangladesh Textile Mills Corporation under a public-private partnership.
The reopening of mills owned by the Bangladesh Textile Mills Corporation (BTMC) under a public-private partnership (PPP) programme is still shrouded in mystery as the private sector's response remains poor eight years after the prime minister issued a directive in this regard.
With the goal of attracting local and foreign investment to modernise and reopen closed textile mills, the government has called for open international tenders for four out of 16 textile mills through public-private partnerships (PPP).