(a) whether the Ministry is contemplating to sell excess land available with various NTC mills;
(b) if so, the details thereof and the total available land with each NTC mill;
(c) whether the funds raised through sale of such excess land would be invested for reviving various sick NTC mills and also to upgrade their technologies;
(d) if so, the details thereof; and
(e) if not, the reasons therefore?
MINISTER OF TEXTILES ( SHRI SHANKERSINH VAGHELA )
(a) to (e) : A statement is laid on the Table of the House.
THE STATEMENT REFERRED TO IN REPLY TO LOK SABHA STARRED QUESTION NO,70 FOR 9-7-2004 REGARDING SALE OF EXCESS LAND.
(a) :Yes, Sir.
(b): Details of surplus land identified for sale and status of sale of such lands as on 31.5.2004 are enclosed as Annexures 1& 2 respectively.
(c): Yes, Sir.
(d): The proceeds from the sale of surplus land are to be utilized/invested for meeting the revival expenses of the mills such as
(i) Modernisation/Technological upgradation
(ii) Margin Money for working capital
(iii) Liquidation of liabilities/payment of statutoiy dues
(iv) Payment to pressing creditors
(v) Servicing of Bonds
(e): Does not arise.