Question : MODERNISATION OF NTC MILLS

(a) whether the Government proposes to modernise/technology upgradation of old National Textile Corporation Mills (NTC) in the country;

(b) if so, the details thereof along with the financial assistance provided for modernisation of mills, State-wise and millwise;

(c) the details of profit/loss incurred by various NTC mills during the last three years and the current year including reasons for loss incurred by these mills, mill-wise;

(d) whether the Government proposes to provide fund to start closed NTC mills; and

(e) if so, the details thereof and if not, the reasons therefor?

(MINISTER OF TEXTILES) (SHRI ANAND SHARMA)

(a) & (b): As per the revival plan approved by Board for Industrial & Financial Reconstruction (BIFR), National Textile Corporation Ltd., (NTC) is to revive 24 mills directly by itself. Details of the mills modernised under the revival scheme are at Annexure-I. The revival scheme is self- financed through sale of surplus assets of NTC and no financial assistance has been provided by the Government of India.

(c): The profit and loss of NTC mills during the last three years and current year (April, 2012 to December, 2012) is placed at Annexure-II. The main reason for incurring losses by mills is attributed to acute power cut resulting in under utilisation of installed capacity and certain perennial problem of labour shortage.

(d) & (e): Revival of NTC mills is as per the Revival Scheme approved by the BIFR which inter-alia, provides for funding of the scheme from the proceeds of the sale of surplus assets of NTC. There is no plan to revive any of the closed mills of NTC.