Public Sector Undertakings  

  1. National Textile Corporation Ltd. (NTC)  
  2. British India Corporation Ltd. (BIC)  
  3. Cotton Corporation Of India Ltd. (CCI)
  4. Jute Corporation of India Ltd. (JCI)  
  5. Birds Jute Exports Ltd. (BJEL)  
  6. National Jute Manufacturers Corporation (NJMC)  
  7. Handicrafts and Handlooms Export Corporation (HHEC)  
  8. Central Cottage Industries Corporation (CCIC)  
  9. National Handloom Development Corporation (NHDC)  

National Textile Corporation Ltd. (NTC):

National Textile Corporation Ltd. (NTC), a Central Public Sector Undertaking under the Ministry of Textiles, was established in the year 1968.   The Company was established primarily to manage the affairs of the sick textile undertakings taken over by the Govt. of India in three Nationalization Acts in the years 1974; 1986; and 1995. On account of obsolete technology; excess manpower; poor productivity, etc. 8 of its 9 subsidiaries were referred to BIFR in the year 1992-93.  The BIFR approved Revival Schemes for all the 9 subsidiaries – 8 of them in the year 2002-03 and 9th in the year 2005.  The Company has been implementing the Revival Scheme since then.  The original Sanctioned Scheme (SS-02) of 2002-03 was to be implemented at a total cost of Rs.3937 crores with a component of Rs.736 crores allocated towards modernization of 53 mills. This scheme was modified twice – first in the year 2006 (MS-06) at a revised total cost of Rs.5267 crores which included a component of Rs.530 crores for modernization of 22 mills and for the second time in the year 2008 (MS-08) at a revised total cost of Rs.9102 crores with a component of Rs.1155 crores towards modernization of 22 mills with a extended capacity including setting up of 4 new mills. This scheme was extended up to 31.03.2012 by BIFR. As per directions of BIFR, NTC is in the process of formulation of a modified revival scheme.

2.       Under the Scheme, the mills, which have been found as viable, after a Techno-Economic Viability Study, were proposed for revival and those mills found unviable were to be closed. The original scheme envisaged closure of 66 unviable mills and revival of 53 viable mills.

3.       As on 01.04.2014, the mill wise breakup of the company are as follows:-

  1. 119 mills nationalized under the Act and 1 mill set up in Hassan,
  2. 78 mills have been closed (includes 2 mills namely Finlay and New Minerva relocated),
  3. 21 mills has been modernized/newly set up,
  4. 2 mills taken out of JV list have been partially modernized,
  5. 1 mill is slated to be set up as Technical Textile Unit in Rajasthan,
  6. 2 mills transferred to Govt. of Puducherry,

4. 16 units slated for revival through JV route5 units have been revived and for remaining 11 units where MoU for JV was signed, cancelled on review. Matter in case of these 11 mills is sub-judice before arbitrators.         


 5.      The Company has completed modernization of 17 old mills as on 31.03.2009   and the 18th mills’ modernization was completed during the year 2009-10. Three mills, viz., Ahmedabad (Gujarat); Achalpur (Maharashtra); and Hassan (Karnataka), are   relocated projects, which are at different stages of completion.   2 mills are subsequent additions under MS-08. Thus, making the total 23. The 24th mill is proposed as a Technical Textile Unit. Till date, ISO 9001-2008 certifications have been awarded to 21 textile mills and 2 Regional Office of NTC.5 units have been awarded OEKOTEX certification during 2013-14.

6.       NTC will be focusing effectively on branding and retailing of its fabrics through Retail Marketing Division and increase its volume of institutional sales in the coming days. Technical Textiles is an area where there is a tremendous scope for the company to improve its turnover and profitability. As on 01.04.2014, the NTC has closed 193 loss making and legally disputed showrooms and running 86 showrooms which includes 37 renovated showrooms.

7.       During the last 5 years, the production of yarn and fabric of the Company is as follows:-







Yarn (Lac Kg)






Fabric (Lac Mtrs)







8.       Initially the funds required for payment of MVRS compensation was mobilized by private placement of bonds from the market to the extent of Rs.2028 crores.  The Company has already paid on time Rs.2028 crores on redemption of bonds and Rs.789 crores as interest and Rs.89 Crores as 1% per annum guarantee commission to MOT on these bonds, in addition to paying Rs.294 crores as one-time settlement to banks and financial institutions. The entire funds required for the implementation of the Revival Scheme is generated through sale of assets of the closed mills and surplus assets of the viable mills.  NTC has so far generated Rs.6584.08 Crores by sale of assets by an Asset Sale Committee, constituted by BIFR/MOT.

9.       The Company has plans to transform itself into an integrated textile company with spinning, weaving, processing, garmenting, besides diversifying into technical textiles.

10.     The major parameters and target for the year 2013-14 and 2014-15 as per MoU are as follows:-

Major parameters



Sales Turnover (operating Income) (Rs. in Cr)



Generation of funds from Non-Performing Assets (Rs. in Cr)



Utilization (Spg) %



Cash Generation from Operation (Working Units) (Rs. in Cr)






Yarn (Lac Kg)



Fabric (Lac Mtrs)



11.     The rating given by DPE for the last 5 years to the Company is as follows:-











Not Assessed


Very Good


12.     While the Company has been enjoying the benefit of budgetary support from its inception, there is no budgetary support for its wages from the year 2009-10 onwards.

13.     The Company has a Board of Directors comprising of 8 members – 3 whole time Directors; 1 Special Director from BIFR; 2 Independent Directors besides 2 nominee Directors from the Ministry of Textiles.
14.     After successful implementation of the revival scheme of BIFR, the NTC net worth has turned positive and it ceases to be a sick company within the meaning of Section 3 (1)(o) of the Act, 1985 and the BIFR has discharged it from purview of SICA/BIFR. 

15      The Textile Undertakings (Nationalization) Laws (Amendment and Validation) Act, 2014 has been enacted in order to clarify lease hold rights vested in the Central Govt. continue despite the subsequent transfer to NTC.

16.     NTC has not been given any grant-in-aid/budget allocation during the last three years.

Data Source : NTC Section, Website updated on 03-03-2015

Click for Address / Web Site Details

British India Corporation Ltd.
  • click here for more information  ....

  • Cotton Corporation Of India Ltd. (CCI):

    Cotton Corporation of India, Mumbai, is a profit-making Public Sector Undertaking under the Ministry of Textiles engaged in commercial trading of cotton. The CCI also undertakes support price operation (MSP) on behalf of the Government of India. 


    (i) Minimum Support Price (MSP) Operation 

    To protect the interests of the cotton growing farmers, the Government of India announces Minimum Support Price (MSP) of kapas (seed cotton) whenever the market price of kapas falls below / touches the MSP. In such situations, the CCI undertakes support price operation and purchases kapas at MSP without any quantitative limit. The loss, if any, incurred on account of support price operations is reimbursed to the CCI by the Government. 

    (ii) Integrated Cotton Cultivation

    Considering the dependence of indigenous cotton, especially on inputs, credit facility, insurance, marketing etc, Government is promoting integrated cotton cultivation through linkages amongst all concerned. Integrated cotton cultivation will involve corporate sector participation, not only in extension services, but also in making available quality inputs like seed, fertilizer etc. to the farmers to improve productivity and quality of Indian cotton. 

    Handicrafts and Handlooms Export Corporation (HHEC):

    The HHEC is a government company under the administrative control of Ministry of Textiles, New Delhi. The HHEC has been set up with the objectives of export promotion and trade development of handicrafts and handloom products. The corporation is also presently engaged in the development and introduction of jute products for home use in international markets. Major crafts products of Corporation are garments, jewellery, jute and leather products. 

    Central Cottage Industries Corporation(CCIC):

    The CCIC is a PSU under the administrative control of Ministry of Textiles. The main objective of the corporation is to act as a leader, exporter, manufacturer and agent of Indian quality handicrafts and handlooms and to develop markets for these products in India and abroad. Through its export activities, it has been conferred with the status of 'Export House' under the EXIM policy of government of India, entitling it to ceratain special previlages.The corporation has its own production Centre at NOIDA, for manufacture of ready made garments and accessories. 

    National Handloom Development Corporation (NHDC):

    The main objective of the corporation are to ensure easy availability of raw materials and inputs used in handloom sector like yarn, dyes and chemicals and other inputs and to encourage production and marketing of handlooms by opening of marketing outlets. The NHDC has set up marketing complexes at Jaipur, Kochi, Calcutta, Quilon, Hyderabad, Ahmedabad and Kanpur where variety of handloom products of different state/regions are made available under one roof.