National Textile Corporation (NTC) the government owned entity has refurbished three textile mills in Mumbai and is planning to restart them, at a time when most of the other closed mills have developed properties on their premises.
These three mills; Tata Mills, Podar Mills and Indu Mills No-5, which together employ over 2,500 workers would have only spinning and weaving facilities and have been refurbished with the latest machinery from India and USA.
NTC has invested around Rs 15 billion in these three units, which occupy 50 acres of prime land and combined, they would be churning out 10-12 million kg of yarn and 14 million tons of fabrics, annually.
Apart from the above three, NTC is also reviving three other closed textile mills; India United Mills No 1, Apollo Mills and Gold Mohur Mills, in South-Central Mumbai, through a partnership with the private sector.
NTC is using the proceeds of the properties of the closed textile mills; it sold last year to re-start these six mills. The three other mills will also not have any fabric processing facilities, but will have a production unit for manufacturing apparels.
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