Related Keywords: 11 places in UP, ailing state owned textile firm, British India Corporation Ltd, Chief Minister Akhilesh Yadav, generate revenue, National Textile Corporation, Pashmina Promotion scheme, plan to nurture, Textile Minister
The government has decided not to sell the loss making National Textile Corporation (NTC) but instead plans to nurture the ailing state-owned textiles firm back to health by disposing of its land worth Rs 1,750 crore in Uttar Pradesh. Textile Minister Santosh Gangwar at the conference said that they are committed to not sell National Textile Corporation.
NTC has 11 places in UP and British India Corporation Ltd (BICL) has 35. The matter has been pending since last 15 years and the government has already wasted Rs 500 crore.
