MINISTER OF TEXTILES(SHRI DAYANIDHI MARAN)
(a) to (d): A statement is laid on the Table of the House.
STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (d) OF LOK SABHA STARRED QUESTION
NO.302 FOR 10.12.2009.
(a) & (b): The Government of India in the Ministry of Textiles is managing
textile mills through its two Public Sector Undertakings, National Textile
Corporation Ltd. (NTC) and British India Corporation Ltd. (BIC). 77 unviable mills
have been closed by NTC under Industrial Disputes (I.D.) Act in accordance with the
Revival Scheme approved by the Board for Industrial and Financial Reconstruction
(BIFR). Date of closure of these mills is at Annexure-A.
(c): So far 60859 employees have opted to leave NTC under the Modified Voluntary
Retirement Scheme (MVRS) involving a total compensation of Rs. 2206.05 crores. Out
of this, 43914 employees are from the 77 closed mills, who have been paid
compensation of 1493.75 crores.
(d): Does not arise. There is no proposal to revive the formally closed mills.