Home / Knowledge / News / Textiles / Textile industry retrenches 30,354 workers in last 5 years
Textile industry retrenches 30,354 workers in last 5 years
Oct '08
The Minister of State for Textiles, Mr Elangovan informed Rajya Sabha (Upper House) of the Indian Parliament that closure of sick textile mills in the last five years had led to retrenchment of 30,354 workers. Out of the 407 textile mills which had closed down, 111 of them had been referred to the Board for Industrial & Financial Reconstruction (BIFR) till February, he added.

To another query, Mr Elangovan replied by saying that BIFR has approved closure of 10 mills owned by the National Textile Corporation (NTC). Closure of these mills had been effected as per the Industrial Dispute Act as there was no production activity and workers had opted for the voluntary retirement scheme (VRS).

The Minister closed his reply by saying that mills under NTC are being modernized and a new retail marketing plan of introducing new brands for different category of consumers is in the offing.

NTC has a total of 119 mills under its management of which 67 have been closed , 10 more short listed for closure, 22 mills are proposed to be revived and the rest of 18 mills to be modernized through private sector joint venture participation.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Oct 2016

Indian polyester market demand grows 14% in Q2 FY17: RIL

The Indian polyester market witnessed a demand growth of 14 per cent...

Fashion | On 20th Oct 2016

Replay to explore new markets in 2017

Replay, the iconic Germany based denim brand, is planning to get into ...

Textiles | On 20th Oct 2016

Pakistan proposes Rs200 bn for textile sector revival

A bailout package of Rs 200 billion has been proposed by the Pakistan ...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Marcel Alberts

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search