Pran-RFL Group is going to build factories to manufacture products related to textiles on the land of two shuttered mills of the Bangladesh Textile Mills Corporation under a public-private partnership.

The Cabinet Committee on Economic Affairs approved proposals in this regard at a meeting yesterday, Cabinet Secretary for Coordination and Reforms Mahmudul Hossain Khan told journalists after the meeting.

A total of 20 acres of land of RR Textile Mills located in Sitakunda of Chattogram will be leased out to the group for 30 years, he said.

Besides, Chorka Textile of the group will set up mills by taking lease of 26 acres of land of Rajshahi Textile Mills for 30 years, he added.

Meanwhile, the Cabinet Committee on Government Purchase decided to purchase electricity from gas-based Shahjibazar Power Company for five more years at a meeting.

During the period, the government will purchase electricity from the company at Tk 7.04 per kilowatt.

Besides, the committee also approved proposals to purchase 50 lakh litres of soybean oil at Tk 151.45 per litre, 1.30 crore litres of palm oil at Tk 143 per litre, and 10,000 tonnes of lentils at Tk 101.30 per kilogramme from local markets.