Related Keywords: efficiency and better price, greater transparency, higher stock up-take, Kerala Lakshmi Mills and Rajnagar mill, launched first e auction yarn of NTC, reduced inventory and improved cash flow, Santosh Kumar Gangwar, selceted for selling its produce, three mills of NTC, Union Minister of state for textile, Vijamohini Mill
The Union Minister of State for Textiles (I/C), Shri Santosh Kumar Gangwar, in his chamber in the Ministry of Textiles on Thursday launched the first e-auction yarn of National Textile Corporation (NTC) as part of its effort for greater transparency, efficiency and better price. Initially, three mills of NTC, namely, Vijamohini Mill, Kerala Lakshmi Mill and Rajnagar mill have been selected for selling of its produce through e-auction. NSEiT, a National Stock Exchange subsidiary that has been conducting e-auctions for various PSUs, has been roped in to conduct the e-auction of yarn.
