Carbon nanotube-dispersed bismuth telluride matrix (CNT/$Bi_2Te_3$) nanopowders were synthesized by chemical routes followed by a ball-milling process. The microstructures of the synthesized CNT/$Bi_2Te_3$ nanopowders showed the characteristic microstructure of CNTs dispersed among disc-shaped $Bi_2Te_3$ nanopowders with as an average size of 500 nm in-plane and a few tens of nm in thickness. The prepared nanopowders were sintered into composites with a homogeneous dispersion of CNTs in a $Bi_2Te_3$ matrix. The dimensionless figure-of-merit of the composite showed an enhanced value compared to that of pure $Bi_2Te_3$ at the room temperature due to the reduced thermal conductivity and increased electrical conductivity with the addition of CNTs.