The broad functions of Bangladesh Textile Mills Corporation(BTMC) are as under:
a. The general direction and administration of the affairs and the business of the Corporation and its enterprises are vested in the Board of Directors appointed by the Government.
b. To help co-ordination with the Govt. in preparing National plans and policies for commercial operation of its existing enterprises.
c. To identify, initiate, prepare portfolio of new development project including BMRE in consultation and with the approval of the Govt. and take measures to implement the same.
d. To identify and initiate feasibility studies for setting-up new projects with the approval of the Government.
e. To prepare and implement annual development programme for development projects.
f. To process cases of revised ADP should any shortfall of resource estimate is communicated by the Govt. to the Corporation.
g. To identify, initiate and process of foreign aided development projects in consultation with and approval of the Govt.
h. To monitor implementation of development activities as included in the ADP for the sector and to report achievement, shortfall, problems, revision and policy issue requirements, if any, to the Government Agencies.
i. To conduct perforce evaluation of development projects for the purpose of revision, amendment and to help drawing up of future programming.
j. To undertake specified study on a subject as may be required by the Govt. for the purpose of national perspective needs.
k. To implement the Govt. policies in respect of procurement, production, distribution, pricing, labour and management, etc. in the textile sector.
l. To set physical and financial targets and objectives for the enterprises.
m. To monitor performance of the enterprises, effective and efficient use of resources, identify problem areas of the enterprises and to render assistance and guidance to the enterprises.
n. To take measures for improving work methods, product quality, yield, minimise wastages and costs.
o. To introduce and maintain management information system in order to provide the Corporation and the Government with adequate, accurate and timely information for decision making.
p. To fulfill statutory and legal obligations in respect of the enterprises.
q. To develop and train human resources both in field and factories with a view to catering requirement of skilled personnel.
r. To set policy and procedure for procurement of machinery, spares & raw materials – both imported & local for enterprises.
s. To procure machinery, spares and bulk items, as required by the enterprises which cannot be otherwise procured by the enterprises for technical difficulties such as foreign exchange allocation, credit line up, obtaining licenses and opening of L.C., etc.
t. To set procedure for sale of products, by-products and other items of the enterprises.
u. To maintain stable price of items produced by the enterprises through constant market monitoring system, devising distribution policy as necessary for the benefit of general consumers.
v. To set procedure, monitor international market and assist enterprises in exporting their products.
w. To develop measures on social welfare including community services to workers/employees.
x. To supervise, monitor and control affairs of enterprise.
y. To explore possibilities and set up joint venture projects in the textile sector.
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