The Public-Private-Partnership (PPP) is a national policy initiated to accelerate the subsector’s growth to meet the Vision 2021 Goal of the country. In August 2010, the Government of Bangladesh issued the Policy and Strategy for Public Private Partnership (PPP) to facilitate the development of core sector public infrastructure and services vital for the people of Bangladesh. The PPP program is part of the Government's Vision 2021 goal to ensure a more rapid, inclusive growth trajectory, and to better meet the need for enhanced, high quality public services in a fiscally sustainable manner.
Under this new national policy, the PPP Office was established as a separate, autonomous office under the Prime Minister's Office to support sector line ministries to facilitate identification, development and tendering of PPP projects to international standards. A PPP Unit under the Ministry of Finance was established to foster an environment of fiscal responsibility and sustainability in PPP projects (ref & more details).
NITER came under PPP in 2009 through Ministry of Textiles and Jute, Government of Bangladesh and Bangladesh Textile Mills Association (BTMA). That means, NITER is run with a non-commercial view to provide better academic environment and develop efficient textile engineers who would take challenge in coming days.