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Textile ministry requires Rs 18.84 bn at RE stage 2009-10
06 Nov '09
5 min read
The Textiles Ministry will make all out efforts to turn NTC into a profitable enterprise by means of enhanced capacity utilization (upto 80%), reduction of idle wages and launching of aggressive marketing initiatives, and turning the Corporation from spinning company into an integrated textiles company with spinning, weaving, processing and garmenting facilities, informed Thiru. Maran.
Thiru. Maran said that recently four modernized textiles mills of National Textile Corporation at Coimbatore have been inaugurated and in coming days three modernized mills of NTC at Mumbai and 4 mills in Kerala at Trissur, Thiruvanthapuram and Kannur will be inaugurated. The Corporation is also focusing on downward linkages and re-energizing its 93 retail outlets and making efforts to capture institutional sales to achieve the status of nation's clothier and provide on opportunity to consumer to identify with its products, said Thiru. Maran.
The Minister said that Textiles Ministry has taken initiatives for promoting Technical Textiles, and keeping in view vast scope of growth in Technical Textiles. NTC had been asked to exploit the opportunities in this area. NTC is going to set up a Technical Textiles unit in its existing mills at Coimbatore, informed Thiru. Maran.
Preceding the discussion, the officers made presentation giving an overview of the TUFS and Working of NTC. Participating in the discussion, the Members suggested that subsidy component under TUFS be increased and be expanded to include more textiles activities. They also suggested that to increase exports more concessions DDB rates may be provided to textiles exporters, and more textiles parks should be set up in traditional textiles centres and government should explore the possibility to fund effluent treatment plants in processing centres.
The meeting was attended by the following members of the Committee: Shri. C. Siyasami Shri. P.Lingam, Shri. Ramesh V. Katti and Shri.P.Vishwanathan from Lok Sabha and Shri S.Anbalagan, Shri.Kanjibhai Patel and Shri.Moinul Hassan from Rajya Sabha. Smt Panabaka Lakshmi, Minister of State for Textiles also addressed the Members. Secretary Textiles, CMD, NTC and Senior Officers of the Textiles Ministry attended the meeting.
Thiru. Maran said that recently four modernized textiles mills of National Textile Corporation at Coimbatore have been inaugurated and in coming days three modernized mills of NTC at Mumbai and 4 mills in Kerala at Trissur, Thiruvanthapuram and Kannur will be inaugurated. The Corporation is also focusing on downward linkages and re-energizing its 93 retail outlets and making efforts to capture institutional sales to achieve the status of nation's clothier and provide on opportunity to consumer to identify with its products, said Thiru. Maran.
The Minister said that Textiles Ministry has taken initiatives for promoting Technical Textiles, and keeping in view vast scope of growth in Technical Textiles. NTC had been asked to exploit the opportunities in this area. NTC is going to set up a Technical Textiles unit in its existing mills at Coimbatore, informed Thiru. Maran.
Preceding the discussion, the officers made presentation giving an overview of the TUFS and Working of NTC. Participating in the discussion, the Members suggested that subsidy component under TUFS be increased and be expanded to include more textiles activities. They also suggested that to increase exports more concessions DDB rates may be provided to textiles exporters, and more textiles parks should be set up in traditional textiles centres and government should explore the possibility to fund effluent treatment plants in processing centres.
The meeting was attended by the following members of the Committee: Shri. C. Siyasami Shri. P.Lingam, Shri. Ramesh V. Katti and Shri.P.Vishwanathan from Lok Sabha and Shri S.Anbalagan, Shri.Kanjibhai Patel and Shri.Moinul Hassan from Rajya Sabha. Smt Panabaka Lakshmi, Minister of State for Textiles also addressed the Members. Secretary Textiles, CMD, NTC and Senior Officers of the Textiles Ministry attended the meeting.
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