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Related Keywords: bill passed by Lok sabha, Industrial disputes act, NTC, resusciate sick mills, Santosh Gangwar, Textile Industry, Textile Ministry, Textile undertakings

The Textile Ministry is working toward resuscitating sick mills including the National Textile Corporation (NTC). The government wants to bring to profit a total of eleven mills of NTC in next three months. NTC had acquired 119 mills, out of which 78 are closed under the Industrial Disputes Act, Textiles Minister Santosh Gangwar informed Rajya Sabha.

He was replying to a debate on the Textile Undertakings (Nationalisation) Laws (Amendment and Validation) Bill, 2014, which replaces an ordinance promulgated some time back.

Related Keywords: debate on textile undertaking law, free ailing NTC, Indian government, Lok sabha passed bill, NTC, revival scheme, Santosh Gangwar, sick textile mills, speed up revival, Textile Minister

Government is working out plans to speed up revival of sick textile mills, including the National Textile Corporation (NTC), a move that will generate more employment. This assertion came from Textiles Minister Santosh Gangwar during his reply to a debate on the Textile Undertakings (Nationalisation) Laws (Amendment and Validation) Bill, 2014 in the Lok Sabha.

Related Keywords: 000 bales capacity, 60, Board for Industrial and Financial Reconstruction, CCI, ginning, lease land, NTC, pilot basis, pressing factory, sick unit, warehouse

Cotton Corporation of India plans to set up its first ginning and pressing factory with capacity of 60,000 bales at Adoni in Andhra Pradesh for which it will take 7.17 hectares of land on lease in one of the sick units of the National Textile Corporation in the newly-formed State to set up the ginning unit on a pilot basis.
 
The Corporation is also open to setting up similar units in Telangana, which is among the largest cotton growing regions in the South, if the newly-formed State Government offers land free of cost.