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:-
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:-
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:-
11. The rating given by DPE for the last 5 years to the Company is as follows:-
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.
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
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British India Corporation Ltd.
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
cotton, especially on inputs, credit facility, insurance, marketing
Government is promoting integrated cotton cultivation through linkages
amongst all concerned. Integrated cotton cultivation will involve
sector participation, not only in extension services, but also in
available quality inputs like seed, fertilizer etc. to the farmers to
productivity and quality of Indian cotton.
Handicrafts and Handlooms Export Corporation (HHEC):
The HHEC is a government company
the administrative control of Ministry of Textiles, New Delhi. The HHEC
has been set up with the objectives of export promotion and trade
of handicrafts and handloom products. The corporation is also presently
engaged in the development and introduction of jute products for home
in international markets. Major crafts products of Corporation are
jewellery, jute and leather products.
Central Cottage Industries Corporation(CCIC):
The CCIC is a PSU under the
control of Ministry of Textiles. The main objective of the corporation
is to act as a leader, exporter, manufacturer and agent of Indian
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
India, entitling it to ceratain special previlages.The corporation has
its own production Centre at NOIDA, for manufacture of ready made
National Handloom Development Corporation (NHDC):
The main objective of the
to ensure easy availability of raw materials and inputs used in
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,
Hyderabad, Ahmedabad and Kanpur where variety of handloom products of
state/regions are made available under one roof.