Bangladesh revives shuttered textile factories through public-private partnership model

According to a report by Bangladesh’s “Financial Express” on January 20, in order to attract local and foreign investment, Bangladesh has closed textile factories for renovation and renovation. The Bangladesh government has adopted a public-private partnership model to target Four textile factories have closed down and issued international public tenders.

Bangladesh Textile Mills Corporation will be a major partner in the public-private partnership. The government only provides land for factory buildings and facilities, and private investors are responsible for implementing the project, operating the textile factory, and producing and selling products. The deadline for bidding is March 7. The public-private partnership agreement has a term of 30 years and is renewable.

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