Indian National Textile Corporation mill equipment will be updated 22

India's National Textile Corporation (NTC) will be updated in two stages 22 textile plant and equipment, install them first-class high-tech textile machinery to improve production capacity.
Updated plant and equipment is funded entirely from the sale of company assets. So far, NTC has sold about 28.4 billion rupees in assets. National Textile Corporation of India under the Ministry of the largest textile textile central public sector, wall clocks wholesale through its nine branches across the country manage 52 textile factories.
Holding company headquartered in New Delhi. 2004-05 annual turnover of about 6.38 billion rupees.
NTC company formed in 1968, the main task is to manage the Government to take over the troubled 16 textile factories. NTC based on three Nationalization Act (1974,1986 and 1995), the management in 1995 increased to 119 the number of textile factories.
According to the 2002 recovery arrangements, financial reconstruction committee (BIFR) and the Group of Ministers (GoM) approved the resumption of 53 viable mills, closed 66 mills is not viable. 65 non-viability of the mills have so far been closed under ID Act, two mills (of a viable, a non-viable) in the Pondicherry Pradesh, Pondicherry was transferred to the state government.
40 mills, the remaining 18 mills through joint venture plant update wholesale cotton drawstring bags channels. Private partners will eventually take over the one of the five mills.
Shri Amir Alam Khan in reply to a question, Textile Minister Shri EVKS Elangovan in reply above to make a written form.
Under the revised arrangements the details of the recovery in 2006 by industrial and financial reconstruction committee (BIFR) and the Group of insulated lunch bags wholesale Ministers (GoM) approved, Minister of notice, in all the 52 mills, 12 mills were determined to close these mills fully does not produce behavior, most workers choose to accept the revised arrangement for the automatic recovery help. Among them, the two mills have closed, so the number of closed textile mills from 65 to 67.