Home / Knowledge / News / Textiles / NTC to be flag-bearer of Indian textile sector – Maran

NTC to be flag-bearer of Indian textile sector – Maran

05
Jan '11
Union Minister for Textiles, Thiru. Dayanidhi Maran said that the Government is committed to make the National Textile Corporation (NTC) a world-class eco-friendly integrated textile company and flag-bearer of the sector and the ongoing revival-cum-modernisation steps by the NTC are aimed at this goal.

The Textile Minister was speaking after releasing the inaugural issue of newsletter of the NTC at his Chamber. On the occasion, Textiles' Secretary, Smt. Rita Menon and NTC Chairman-cum-Managing Director Shri K Ramachandran Pillai were among those who attended the function.

Thiru. Dayanidhi Maran further said that the UPA Government had launched a number of schemes such as Technology Upgradation Fund Scheme (TUFS), Scheme for Integrated Textile Parks (SITP) and various measures for the Powerloom, Handloom, Handicrafts, Silk and Wool sectors for the overall development of the textile sector and welfare of the weavers and artisans.

The NTC is a key player in the sector and hence revival of the NTC is also one of the key agendas of the government for the textile sector by transforming it into an integrated company capable of addressing the clothing needs of the nation. We have hence launched the historic e-auctions which brought a total of Rs 2133 crore so far in four online biddings,” the Textiles Minister said.

The NTC has made a turn-around within a short span to emerge as a debt-free company with a highly competitive revival strategy. ``This newsletter will be the right tool to communicate with the outside world on its endeavours, business model and achievements, while strengthening the bonds within and rekindling the passion for growth,'' Thiru Maran said.

The first newsletter of the NTC has included the major achievement of the company during the last one year, besides carrying the news and pictures of the in-house developments in the recent past.

Press Information Bureau


Must ReadView All

Pic: Ritu Manoj Jethani / Shutterstock.com

Apparel/Garments | On 31st Jul 2021

US firm Steve Madden moves production to Mexico & Brazil from China

As supply chain disruption remains a significant challenge, American...

Pic: GBG USA

Apparel/Garments | On 31st Jul 2021

Apparel & footwear firm GBG USA files for bankruptcy protection

GBG USA, an indirect wholly owned subsidiary of Global Brands Group...

Pic: Shutterstock

Apparel/Garments | On 31st Jul 2021

Asian garment industry market concentration, consolidation rise: ILO

Although Asia's garment market rose in size in value terms before the ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

India-EU Summit, Representatives

India-EU Summit
Representatives

India-EU FTA will provide EU with better access to a huge & rapidly...

Richard Armitage,

Richard Armitage

Adaptive Control automates, controls and monitors machines, systems and...

Bharat Ahuja,

Bharat Ahuja

A mono store brand, <b>Bharat Ahuja's</b> Desire Design Studio has emerged ...

C Maennich,

C Maennich

Trützschler, one of the world's leading textile machinery manufacturers,...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Shaan Sethi, Jaanuu

Shaan Sethi
Jaanuu

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah &amp; Sandeep is a luxury menswear label...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

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

Leave your Comments


July 2021

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


Advanced Search