Home / Knowledge / News / Textiles / NTC resorts to e-auction for sale of land of its closed mills
NTC resorts to e-auction for sale of land of its closed mills
06
Jul '10
The National Textiles Corporation Ltd. (NTC) has adopted ' e-auction' for sale of land of its closed mills. Complying the directions of Thiru. Dayanidhi Maran, Union Minister of Textiles, for selling their immovable properties only through 'e-auction', the NTC has already issued advertisements in the newspapers for 'e-auction' for the sale of land of Bharat Textile Mills, Mumbai, and Poddar Textile Mills, Mumbai. NTC had been resorting to only tender process for selling their immovable properties.

The on-line forward auction will be conducted for 4 days with the applicable auto extension. Resorting to e-auction would add transparency to the entire sale process and is expected to put a full stop to all misgivings normally associated with the sale of properties. Sale of all the remaining properties of closed mills of NTC would also be auctioned only on line.

The National Textiles Corporation Ltd. (NTC) is a Public Sector Undertaking under the Ministry of Textiles, Government of India. The NTC which is under the revival scheme of BIFR has the mandate of raising funds through sale of land/ building of the closed mills for the purpose of meeting the cost of modernization of the other working mills, salary of the employees, etc.

Press Information Bureau


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search