What does BTMC mean in COMPANIES & FIRMS
The Bangladesh Textile Mills Corporation (BTMC) is a state-owned enterprise responsible for the management and growth of the largest sector of manufacturing in Bangladesh. This organization was established in 1962 and is managed by the Government of Bangladesh. The BTMC works to create an environment conducive for investment and promotes domestic and foreign investment in the textile industry, as well as provide assistance to small and medium scale enterprises in this sector. BTMC also works to encourage innovation, research and development, market access, technology transfer and quality management initiatives.
BTMC meaning in Companies & Firms in Business
BTMC mostly used in an acronym Companies & Firms in Category Business that means Bangladesh Textile Mills Corporation
Shorthand: BTMC,
Full Form: Bangladesh Textile Mills Corporation
For more information of "Bangladesh Textile Mills Corporation", see the section below.
Benefits Of Joining BTMC
By joining BTMC, textile mills can gain considerable advantages toward competing effectively at international level while assuring product quality with compliance issues observed within all applicable regulations from local regulatory authorities and consumers’ expectations. The benefits include free training courses conducted by experienced professionals from various fields such as finance/ accounting/manufacturing/marketing/ engineering/designing/ compliance laws etc.; technical advisory services with competitive edge over competitors ; regular updates on latest trends of local/ international markets ; share purchase opportunities means rising value of shares through economic stability etc.; relaxed loan schemes with lower interest rate up to 7%; assurance on maximum output at minimum cost plus several other incentives that can lead towards increased profitability margin.
Essential Questions and Answers on Bangladesh Textile Mills Corporation in "BUSINESS»FIRMS"
What is Bangladesh Textile Mills Corporation?
Bangladesh Textile Mills Corporation (BTMC) is a textile manufacturing company, based in Bangladesh. It was established in 1965 to develop and improve the textile sector of Bangladesh. BTMC operates various spinning, weaving, dyeing, finishing and garment manufacturing units.
Who owns Bangladesh Textile Mills Corporation?
The Government of Bangladesh is the chief stakeholder of BTMC and it holds around 85% of shares in the company. Apart from this, the remaining 15% shares are held by institutional and individual investors.
How many production units does BTMC have?
Currently, BTMC has seven operational spinning mills with a total capacity of 6 million spindles per year. Four weaving/dyeing units; two garment factories; a jute mill and three finishing units all together spread over an area of more than 500 acres.
Does BTMC have any international presence?
Yes! BTMC exports its products to various countries including USA, UK, Canada, Germany India etc., which accounts for around 60% of the total sales turnover of the company annually.
Are there any certifications for quality assurance at BTMC?
Yes! In order to provide assurance on quality, safety & legality of their product range & processes; BTMC has been awarded OEKO-TEX standard 100 certification along with ISO 9001 certification from TUV Rheinland Germany for its garments production division.
Does BTMC follow any Environmental friendly practices?
Absolutely! Not only do they comply with all applicable environmental regulations but also adopt best practices that promote sustainable development & efficient use of resources throughout their entire process line which includes high standards on use energy & water consumption reduction practices across departments as well as green design principles in building construction works under their corporate social responsibility program.
How can I approach BTMC if I need services or support?
You can directly contact them via email at [email protected] or call directly at +880-2-58817608 during office hours (09.00 hrs - 17.30 hrs). Alternatively you can visit their official website www.btmcbd.com for further information regarding their services & support structure.
Does BTMC offer any kind internship programs?
Yes! Internships are considered important part of learning at BTMs for fresh graduates and therefore they offer annual internship programs to eligible candidates who show interest in learning first hand about how industry works.
Is there any option available to invest with BTMC?
Yes! Investment options are available through both open market stock exchange as well as private placements for prospective investor who seeks long term investment opportunities with a view to share growth potential while contributing towards nation building activities.
Final Words:
In conclusion, it can be said that joining BTMC presents an opportunity for entrepreneurs interested in investing in the textile industry while seeking assistance from experienced professionals regarding local regulations standards and advanced production process requirement s. By taking part within this program,companies engaged within this field will potentially gain maximum profit margins along with improved competitiveness at international market levels, making them better equipped towards meeting consumer demands through reliable delivery options under economical constraint s.
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