Bangladesh Textile Mills Corporation

BTMC was formed under President's Order No. 27 of 1972 (Bangladesh Industrial Enterprises Nationalisation Order), which took 74 privately owned textile factories into state ownership effective 1 July 1972; twelve additional mills built under annual development programmes brought the original portfolio to 86. The portfolio has contracted sharply through closures, leases, and PPP handovers and now stands at 18 operational mills (Wikipedia; motj.gov.bd). BTMC carries the largest loan liability of any Bangladeshi state-owned enterprise: Tk 76.54 billion in bank loans with approximately 99% non-performing (Wikipedia, cross-checked against New Age SoE losses report, article ID 256245). Current chairman: Brig Gen SM Zahid Hasan confirmed as signatory on the Kurigram Textile Mill lease agreement (January 26, 2025) and listed on the official BTMC officer directory; appointment date not published by MoPA in any source retrievable at verification date -- head_since set null. Earlier, Brig Gen Md Jakir Hossain was appointed chairman by MoPA order on August 19, 2024 (Rising BD, Daily Bangladesh); the succession from Jakir Hossain to Zahid Hasan is confirmed by evidence but the transition date is unverified. Three mills leased by January 2026: Valika Woolen Mills (Chittagong) to Loyal Tex Limited; Sylhet Textile Mills to Fast Icon Limited; Kurigram Textile Mill to Western Engineering Private Limited. Darwani Textile Mill (Nilphamari): operated 1980-1995 (25,056 German spindles, cost Tk 11.9 crore), closed 1995 citing losses, ran intermittently under contracts until 2022, now fully shut; PPP tender notice floated July 29 (year inferred as 2025 from TBS article context; PPPA site confirms project active). Dinajpur Textile Mill: 38 acres, 25,000 Indian spindles, operated 1978-2007 when shut after Tk 5 crore annual losses; included in same PPP tender round as Darwani. May 4, 2026 meeting: PM Tarique Rahman personally chaired, directed project approval streamlining and investor loan facilitation -- confirms highest political priority for BTMC's lease-out programme. Bangla name follows official BTMC portal spelling. Activity evidence hold: removed 2 exact generated refresh event(s) on read. Generated scores, positions, activity actions and verification stamps are unavailable. Retained events and unmatched action text require source review; original raw records are unchanged.