Interviews
Major initiatives of Ministry of Textiles during 2010
04 Jan '11
4 min read
• National Textile Corporation:
Out of 24 mills identified for revival, NTC has already completed modernisation of 18 mills. These mills are now making cash profit and working towards operational profits. The Company has generated Rs 5178.92 crore by sale of surplus land/assets as on 1.11.2010. Net worth of the company has become positive. The Company is now looking forward to explore new areas such as technical textiles for which requisite approval is required. For the first time in the history of NTC, online e-auction of sale of surplus land of two mills in Mumbai was conducted recently and has fetched Rs 1,979 crore against reserved price of Rs 1,000 crore .
Revival of National Jute Manufacturers Corporation (NJMC):
The Government has approved a revival package of Rs 1562.98 crore and waiver of Rs 6815 Crore of outstanding loans & interest to NJMC to enable the revival of the company.
Technology Up gradation Fund Scheme (TUFS) :
During the last two years Rs 3,458 crore ( Rs 2,546cr in 2009 and Rs 912 cr in 2010) has been disbursed to beneficiaries directly. The Ministry is examining the possibilities of revising the Scheme and would approach the Cabinet for its approval.
Two Maga Handloom Clusters at Murshidabad in West Bengal and Viruddhanagar in Tamil Nadu has been sanctioned during 2010-11. During the current year , it is proposed to conduct more than 650 events , generating more than Rs 400 crore . So far , more than 225 events have been organised.
Draft Fibre Policy has been prepared after consultation with all stakeholders and the Ministry would be seeking Cabinet approval in the coming months.
Knitwear Technology Mission at a cost of Rs 5 Crore has been established at Tirupur for enhancing capacities and expertise in the knitwear sector.
A Mega Cluster for Powerloom in Bhilwara in Rajasthan and a Carpet Cluster at Srinagar sanctioned during 2010-11.
Rs 200 crore as one time grant given for Zero Liquid Discharge Effluent Treatment Plant established by Tirupur Knitwear Industry.
Out of 24 mills identified for revival, NTC has already completed modernisation of 18 mills. These mills are now making cash profit and working towards operational profits. The Company has generated Rs 5178.92 crore by sale of surplus land/assets as on 1.11.2010. Net worth of the company has become positive. The Company is now looking forward to explore new areas such as technical textiles for which requisite approval is required. For the first time in the history of NTC, online e-auction of sale of surplus land of two mills in Mumbai was conducted recently and has fetched Rs 1,979 crore against reserved price of Rs 1,000 crore .
Revival of National Jute Manufacturers Corporation (NJMC):
The Government has approved a revival package of Rs 1562.98 crore and waiver of Rs 6815 Crore of outstanding loans & interest to NJMC to enable the revival of the company.
Technology Up gradation Fund Scheme (TUFS) :
During the last two years Rs 3,458 crore ( Rs 2,546cr in 2009 and Rs 912 cr in 2010) has been disbursed to beneficiaries directly. The Ministry is examining the possibilities of revising the Scheme and would approach the Cabinet for its approval.
Two Maga Handloom Clusters at Murshidabad in West Bengal and Viruddhanagar in Tamil Nadu has been sanctioned during 2010-11. During the current year , it is proposed to conduct more than 650 events , generating more than Rs 400 crore . So far , more than 225 events have been organised.
Draft Fibre Policy has been prepared after consultation with all stakeholders and the Ministry would be seeking Cabinet approval in the coming months.
Knitwear Technology Mission at a cost of Rs 5 Crore has been established at Tirupur for enhancing capacities and expertise in the knitwear sector.
A Mega Cluster for Powerloom in Bhilwara in Rajasthan and a Carpet Cluster at Srinagar sanctioned during 2010-11.
Rs 200 crore as one time grant given for Zero Liquid Discharge Effluent Treatment Plant established by Tirupur Knitwear Industry.
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