Current Privatization Programs

Privatization program is a fast moving process. Preparations are now on track to dispose off SOES to the private investors. Non-financial public enterprises in the country has been categorized into seven sectors, namely –

    (i)     Industry
    (ii)    Power, gas and water,
    (iii)   Transport and Communication,
    (iv)   Trade,
    (v)    Agriculture,
    (vi)   Construction and,
    (vii)  Services.

Presently, 21 SOEs have been included in the Commission’s current programs to get them disposed off. Below is its list:-

     1.    Partical Board and Veneering Plant, Chittagong;    (Profile)
     2.    National Sugar Mills, Kishoreganj;   (Profile)
     3.    Procurement & Sales Organization, Kaptai, Rangamati;
     4.    Lumber Processing Complex, Kaptai, Rangamati;
     5.    Karnafuli Timber Extruction Unit, Kaptai, Rangamati;
     6.    Arco Industries Ltd., Chittagong (11.5%);
     7.    SAF Industries Ltd., Noapara, Jessore (13.63%);
     8.    Rangamati Textile Mills Ltd., Ghagra, Rangamati;
     9.   Tangail Cotton Mills Ltd., Gorai, Tangail;
     10.   Magura Textile Mills Ltd., Magura;
     11.   Rajshahi Silk Factory, Rajshahi;   (Profile)
     12.   Thakurgaon Silk Factory, Thakurgaon;   (Profile)
     13.   Dhaka Leather Company Ltd., Nayarhat, Savar, Dhaka;   (Profile)
     14.   North Bengal Paper Mills Ltd., Pakshi, Pabna;   (Profile)
     15.   Chittagong Chemical Complex, Chittagong;    (Profile)
     16.   Karnafuli Rayon & Chemical Ltd., Kaptai, Rangamati;   (Profile)
     17.   Bangladesh Can Company Ltd., Chittagong (66.67%);
     18.   Monowar Jute Mills Ltd., Siddirganj, Narayanganj;     (Profile)
     19.   Aroma Tea Ltd., Fauzdarhat, Chittagong;
     20.   Handloom Service Center (HSC), Raypura, Narsingdi;    (Profile)
     21.   Fish Landing Center & Wholesale Fish Market, Daburghat, Sunamganj.   (Profile)


List of Enterprises under Process of Privatization & Their Position
-

Sl No.

Name of the Enterprise

Present Status

Remarks

Valuation Stage

Tendering Stage

Approval Stage

LOI Issuance

1.

Monowar Jute Mills Ltd.,Siddirganj, Narayanganj

 ---Tender has been Called. Last date for submission of tender is 16 October, 2008.

2.

Magura Textile Mills Ltd., Magura

---Valuation has been finalized. Tender is not floating due to court case.

3.

Handloom Service Center, Raipura, Narsingdi

---Re Tender has been called. Last date of submission is 18 September, 2008.

4.

Rajshahi Silk Factory, Rajshahi

---According to Privatization Policy the SOE will be transfered by following other method instead of sale by tender. Work under process.

5.

Thakurgaon Silk Factory, Thakurgaon

---According to Privatization Policy the SOE will be transfered by following other method instead of sale by tender. Work under process.

6.

Dhaka Leather Company Ltd., Nayarhat, Savar, Dhaka

---Re-Tender has been called. Last date of submission is 15 September, 2008.

7.

North Bengal Paper Mills Ltd., Pakshi, Pabna

---Re- Tender Has been Called. Last date of submission is 8 October, 2008.

8.

Chittagong Chemical Complex, Chittagong

---Re-Tender has already been called on 28 July, 2008. Tender will be opened on 04 September, 2008.

9.

Karnafuly Rayon & Chemical Ltd., Kaptai, Rangamati

---Sale proposal has already been sent to Economic Affairs Committee of Advisors for approval.

10.

Bangladesh Can Company Ltd. (66.67% Share), Chittagong

---Valuation has been finalized.

11.

National Sugar Mills Ltd., Kishoreganj

---Tender has been Opened.

12.

Aroma Tea Ltd., Fouzdarhat, Chittagong

----

13.

Particle Board & Veenering Plant, Chittagong

---Sale proposal has already been sent to Economic Affairs Committee of Advisors for approval.

14.

Procurement & Sales Organization,Kaptai, Rangamati

----

15.

Karnafuli Timber Extruction Unit,Kaptai, Rangamati

----

16.

Lumber Processing Complex,Kaptai, Rangamati

----

17.

Arco Industries Ltd, Chittagong (11.5% Share)

---According to the article of association of the company offer has been given to majority share holder to buy shares.

18.

S. A. F. Industries, Noapara, Jessore (13.63% Share)

---Valuation has been finalized. According to the article of association of the company offer has to be given to majority share holder to buy shares. Proposal will be placed on next commission meeting.

19.

Rangamati Textile Mills Ltd., Ghagra, Rangamati

---Work-Order for valuation has been issued on 01.10.07 to the valuer firm. Valuation is now under process.

20.

Tangail Cotton Mills Ltd., Gorai, Tangail

---Quotation has been called for valuation from enlisted valuer firms. Quotation will be opened on 19/08/08.

21.

Fish Landing Center & Wholesale Fish Market, Daburghat, Sunamganj

--Tender has been Opened on 21/08/08.