Bangladesh Textile Mills Corporation (BTMC) was Established by virtue of the President Order no. 27, 1972 under Ministry of Textile and Jute. It started with 74 Nationalized Mills & established another 12 mills under ADP during 1975-85. Due to globalization/free market economy the government had to de-nationalize 65 mills during 1977-2010. Till date, 23 Mills exist with the BTMC at several prime zones around the country. However, most of them are not making the profit the way they could’ve. Recently, BTMC has taken steps to attract local and foreign investors to establish modern Textile mills through PPP.

Asiatic Cotton Mills Ltd. located at Chattagram, was established in 1959. For the purpose of greater industrialization and mass employment BTMC expects to establish and rejuvenate the failing mill with joint venture and PPP. The total land area of the mill is 24.16 Acres. All the existing structure, if any machineries conditions are to be developed.