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

Courtesy: Rieter

Textiles | On 22nd Aug 2017

Rieter unveils new generation of RDB-D 50 draw frame

Rieter, a producer of textile machinery and automobile components,...

Courtesy: Alizilla

Textiles | On 22nd Aug 2017

‘New Retail’ strategy Alibaba’s focus in next 15 years

Alibaba executive vice chairman Joe Tsai has said that the next 15...

Courtesy: Eurovet/ Interfiliere Shanghai

Textiles | On 22nd Aug 2017

Interfiliere Shanghai to focus on textile printing

Interfiliere Shanghai, the leading trade show for intimates,...

Interviews View All

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Karan Arora
Karan Arora

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

Aditi Somani
Aditi Somani

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

Igor Chapurin
Chapurin

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

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

August 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


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