(a) Whether the land belonging to some of the Textile Mills under the National
Textile Corporation (NTC) was recently sold;
(b) If so, the details thereof alongwith the price realized therefrom;
(c) The purpose for which this money is likely to be utilised;
(d) Whether there is an allegation that these lands were sold at less than the market value;
(e) If so, the details thereof; and
(f) The method used for valuation of the land?
MINISTER OF STATE IN THE MINISTRY OF TEXTILES (SHRI E.V.K.S. ELANGOVAN)
(a) & (b) Yes, Sir. National Textile Corporation (NTC) has sold the lands of following
mills from 1st January, 2006 to 28th July, 2006 :
Name of the Mill Area (in acres) Price (in Rs. Crores)
1.Mysore Mills, Bangalore (Bunglow) 1.88 37.01
2. Natraj Mills, Nirmal 59.00 1.98
3.Vidarbha Mills, Achalpur 1.81 0.75
4.RSRG Mills, Akola 1.27 0.41
5.Model Mills, Nagpur 1.49 6.32 6.Akola Mills, Mumbai (bunglow) 1.28 170.01
7Nanded Mills, Nanded 91.42 33.33
8.Rajkot Tex. Mills, Rajkot 8.72 18.20