Home / Knowledge / News / Textiles / Modernized NTC textile mills generate profits
Modernized NTC textile mills generate profits
30
Mar '12
Thirteen of the 23 textile mills modernized by the National Textile Corporation (NTC) have generated cash profits during 2011-12. This was stated by Minister of State for Textiles Panabaaka Lakshmi, In a written reply to the Rajya Sabha, Upper House of India's Parliament.

NTC, a Central Public Sector Enterprise under the Ministry of Textiles, administers the affairs of sick textile units operating in the private sector that have been taken over by the Government due to their operational inefficiency.

The Corporation has introduced a scheme, pursuant to which unviable textile mills of the country are being closed down, while efforts are made to revive the viable units through sale of their surplus assets.

Pursuant to the scheme, NTC revived and modernized 23 textile mills, 13 of which positively generated cash profits during the year, the Minister said.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 24th Mar 2017

Tiruppur garment cluster hopeful of meeting export target

The Tirupur garment cluster is hopeful of meeting its target of...

Apparel/Garments | On 24th Mar 2017

HKTDC hosts seminar on accessing retail market in India

The Hong Kong Trade Development Council (HKTDC) organised a seminar...

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search