NTC land won’t be sold below market price, says Maran
Wednesday, August 26, 2009
| Inaugurates four mills modernised under revival scheme. |
New threads: The Union Minister of Textiles, Mr Dayanidhi Maran, looking at the new ring frames at Sri Rangavilas Mills which is one of the four modernised National Textile Corporation’s mills in Coimbatore on Saturday. The Minister of State for Textiles, Ms Panabaka Lakshmi, is also seen.
Our Bureau
Coimbatore, Aug. 22 While appreciating the quality and design of the NTC mills products, the Union Textiles Minister, Mr Dayanidhi Maran, urged the National Textile Corporation Chief, Mr K Ramachandran Pillai, to give a facelift to the corporation’s showroom.
“The showroom is pathetic,” Mr Maran said, after formally inaugurating four modernised mills of NTC – Sri Ranga Vilas Mills, Pankaja Mill, Cambodia Mill and Coimbatore Murugan Mills – in Coimbatore.
Rs 77-cr investment NTC has invested Rs 76.50 crore towards modernising these four mills and this is a part of its Rs 5,297-crore modified revival scheme, he said.
(The scheme envisages revival of 43 mills, 24 of which are being modernised by NTC itself and 19 through public-private partnership. The company has garnered Rs 4,034 crore through sale of assets as part of its revival scheme, which mainly includes land of closed mills.) Mr Maran reaffirmed that in future NTC land would not be sold below the market price and transparency would be maintained at all decision-making levels.
There are 2,619 workers on the rolls of these mills, but there is scope for further enhancement, he said and sought the active support of workers to take NTC to global standards.
Retail outlets By focusing on downward linkages and re-energising its 93 retail outlets, securing institutional sales, the corporation would be able to progressively reduce its dependence on the Government and create a niche for itself in the market, he said.
Modernisation set to boost NTC southern region’s performance
NTC scales up turnover target to Rs 760 cr
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