Public Sector Undertakings

National Textile Corporation Limited (NTC), a Schedule “A” Central Public Sector Enterprises under the ambit of Ministry of Textile, Government of India, engaged in production of yarn and fabric. NTC was established primarily to manage the affairs of the sick textile undertakings taken over by the Govt. of India in three Nationalization Acts in the years 1974; 1986; and 1995 by nationalizing 124 mills.

NTC has existing 23 working mills. However, despite implementation of BIFR approved revival scheme (SS-02), (MS-06), (MS-08), NTC has been incurring operation losses and not earning sufficient income to meet its running expenses. There being little scope for its revival, Department of Public Enterprises (DPE) in terms of its guidelines dated 13.12.2021 regarding implementation of new PSE policy for closure or privatization of the sick CPSE, is deliberating the matter further.

Address:
Scope Complex
Core-IV, 7, Lodi Road,
New Delhi – 110003

More Details

The Handicrafts & Handlooms Exports Corporation of India Ltd. (HHEC) was established in the year 1958, as “Indian Handicrafts Development Corporation Ltd” with the twin objective of (i) export promotion and (ii) trade development of handicraft and handloom products and it was renamed as “The Handicrafts & Handlooms Exports Corporation of India Limited” in 1962. HHEC was continuously suffering losses since 2015-16 and its business operations had come to a standstill. Being commercially unavailable, Closure of HHEC was approved by Union Cabinet in its meeting held on 16.03.2021. Post closure activities of HHEC are being carried out as per the extant DPE guidelines.

Address:
The Handicrafts & Handloom
Exports Corporation of India Ltd.
Jawahar Vyapar Bhawan, 1
Tolstoy Marg,
New Delhi -110001

More Details

National Handloom Development Corporation (NHDC) Ltd., Lucknow was set up in February, 1983 by the Government of India as a Public Sector Undertaking under the Companies Act, 1956. The Authorized Capital of NHDC Ltd. is Rs.2000 lakh and its Paid up Capital is Rs.1900 lac. The main objectives of NHDC are: • Carry on the business of supplying all types of yarn for the benefit of the handloom sector. • Organize supply of quality dyes and related materials needed by the handloom sector. • Promote marketing of handloom fabrics. Aid, assist and implement the projects connected with the production of handloom fabrics including taking up modernization programme, technology for the handloom sector

Address:
National Handloom Development Corporation (NHDC)
Wegmans Business Park, Tower - 1
Plot No. 03, Sector Knowledge Park - III
Surajpur - Kasna Main Road
Greater Noida - 201306

More Details

CCI was established on 31st July 1970 under the administrative control of Ministry of Textiles, Government of India as a Public Sector Undertaking under the Companies Act 1956. In the initial period of setting up, as the only public sector undertaking in the field of marketing of cotton, CCI played a role of a canalizing agency for imports of cotton and purchase of raw cotton for giving necessary price support to enterprising cultivators and also for procuring raw cotton for textile mills. The role and function of CCI continued to enlarge with the changing cotton scenario in the country. Now, the major role of the CCI is to undertake price support operations, whenever the market prices of kapas fall below the minimum support prices (MSP) announced by Govt. of India, without any quantitative limit. Besides MSP operations, to fulfil the raw material requirement of the domestic textile industry particularly for lean season, CCI undertakes commercial purchase operations. With a view to safeguard the economic interest of cotton farmers in all the cotton growing regions and to ensure smooth supply of good quality cotton to the textile industry in India, the Corporation is having PAN India presence through headquarters at CBD Belapur, Navi Mumbai (Maharashtra), 19 branches and 450 cotton procurement centres in 11 major cotton growing States.

CCI buys raw cotton directly from the cotton farmers in the Agricultural Produce Market Committee (APMC) yards. CCI Officials remain available at procurement centres right from the beginning of the cotton season to keep close watch on market situation. As and when any farmer offers its cotton at MSP, the same is purchased on the same day as per MSP guidelines. CCI procures entire quantity of kapas offered by the cotton farmers at MSP rates, without any quantitative restriction. In order to make the sales system more transparent and market driven, the entire stock of lint cotton bales and cotton seeds are sold through an independent e-auction portal managed by a PSU.

Address:
'Kapas Bhavan', Plot No. 3-A,
Sector 10, CBD Belapur,
NAVI MUMBAI - 400 614 (Maharashtra)

More Details

Central Cottage Industries Emporium was established in the year 1952 under the management of Indian Cooperative Union and was later on taken over by Central Cottage Industries Association in 1964 and was incorporated as Central Cottage Industries Corporation of India Ltd. (CCIC) on February 4, 1976. CCIC is a Public Sector Undertaking under Ministry of Textiles. The main objective of CCIC is to develop, promote and market High Quality Indian Handicrafts and Handloom products in India and abroad procured from the artisans/ weavers/ craftsperson through their Emporia, E-commerce, Exhibitions, Institutional / Corporate Sales, Exports and Interior Decoration Projects. CCIC is foremost in the pursuit of vocal for local and Atmanirbhar Bharat at grass root level. Corporation is having showrooms at New Delhi, Kolkata, Bengaluru, Chennai, Hyderabad, Kevadia (Gujarat), Craft Museum, New Delhi and Salarjung Museum, Hyderabad. CCIC is also having an online shopping website shoponline.cottageemporium.in for it's esteemed customers.

Address:
The Registered and Corporate Office of the company is situated at Jawahar Vyapar Bhawan,
Janpath, New Delhi - 110 001

More Details

Incorporated in 1920 as a Public Limited Company, British India Corporation Ltd. (BIC) was taken over by the Government of India under the British India Corporation Ltd. (acquisition of shares) Act, 1981. The Company has two units namely (1) Cawnpore Woollen Mills Branch, Kanpur (2) New Egerton Woollen Mills Branch, Dhariwal with Head Office in Kanpur, manufacturing woollen fabrics.

BIFR approved revival scheme of BIC couldn’t take off as it was linked with sale of its surplus Nazul/leasehold land which requires permission of U.P. Govt. which has not been forthcoming. Due to continuous losses there has been no production activity in BIC mills since 2009. There being little scope for its revival, DPE in terms of its guidelines dated 13.12.2021 regarding implementation of new PSE policy for closure or privatization of the sick CPSE, is deliberating the matter further.

More Details

JCI is a Govt. of India Enterprise set up in 1971, JCI is the official agency of the Ministry of Textiles (MoT) responsible for implementing the MSP policy for jute producers and serves as a stabilizing agency in the raw jute market. JCI also undertakes commercial operations, procuring jute at prices above the MSP on commercial consideration to generate profits. JCI’s price support operations involve procuring raw jute from small and marginal farmers at MSP without any quantitative limit as and when the prevailing market price of jute falls below the MSP. These operations help create a notional buffer in the market by siphoning off excess supply, in order to arrest inter-seasonal and intra-seasonal fluctuations in raw jute prices. JCI’s Departmental Purchase Centres (DPCs), which are situated in jute growing areas, purchases raw jute directly from the farmers. JCI has around 110 DPCs of which 69 are in West Bengal, 19 in Assam, 12 in Bihar and the rests in the three other jute growing states of Andhra Pradesh, Orissa and Tripura. During the year 2020-21, 0.0398 lakhs of bales have been procured by JCI under MSP operation. The authorized and paid-up capital of the Corporation is Rs.5 Crore and the net worth is Rs.155.64 Crore as on 31.03.2021. The entire authorized capital has been subscribed by the Government of India.

Address:
15 N, 7th Floor, Nelli Sengupta Sarani,
New Market, Kolkata - 700087.

More Details

National Jute Manufactures Corporation Ltd (NJMC Ltd), is a schedule “B” Public Sector Undertaking under the ambit of Ministry of Textiles, Government of India incorporated on 03rd June, 1980 as per Jute Nationalization Act 1980. NJMC Ltd has the following 6(six) Jute Mills under itself which are as follows:

a) Kinnison Jute Mill, Titagarh, 24 Parganas (North), West Bengal b) Khardah Jute Mill, Khardah, 24 Parganas (North), West Bengal c) Alexandra Jute Mill, Jagaddal, 24 Parganas (North), West Bengal d) National Jute Mill, Sankrail, Howrah, West Bengal e) Union Jute Mill, Sealdah, Kolkata, West Bengal f) RBHM Jute Mill, Katihar, Bihar

The management of six sick private sector Jute manufacturing companies was taken over by the Central Government under Clause (a) of sub-section (1) of Section 18 AA of the Industries (Development and Regulation) Act, 1956 and thereafter the ownership of these companies was vested on the Central Government through enabling legislation of these, the National Jute Mill was nationalized under the National Company Limited (Acquisition and transfer of Undertakings) Act, 1980. The remaining five companies were nationalized under the Jute Companies (Nationalization) Act, 1980. The ownership of these nationalized companies was vested on NJMC Ltd, a company newly created specifically for this purpose on 3rd June 1980, w.e.f. 10th June, 1980 in case of National Jute Mill and w.e.f. 21st December, 1980 in case of the remaining five mills. NJMC Ltd has one subsidiary, namely, Birds Jute & Exports Limited (BJEL) in which it holds 59 percent equity shares.

NJMC Ltd could not revive these sick mills and was itself referred to the Board for Industrial & Financial Reconstruction (BIFR) in 1992 and declared a sick company in 1993. A draft plan for revival of NJMC Ltd was approved by the Cabinet on 19th March 2010 at a total cost of 1417.53 crores, which was enhanced to Rs. 1562.98 crores by the Cabinet in its meeting held on 25th November, 2010. BIFR approved the revival plan on 5th January, 2011 which essentially consisted of:

(a) Closure of three mills, namely, National, Union and Alexandra; (b) Offering VRS to all the employees; and (c) Running of the remaining three mills.

During the financial year 2018-19 the closure of NJMC Ltd has been approved by The Union Cabinet on 10th October, 2018. The process of closure is being carried out in accordance with DPE guidelines No. DPE/5(1)/2014-Fin. (Part – 1) dated 14.06.2018.

MSTC has been appointed as the Auctioning Agency (AA) for disposal of Movable Assets and NBCC (I) Ltd has been appointed as Land management Agency (LMA) for disposal of immovable assets of the Corporation. The disposal of properties of NJMC is in the advanced stage of completion.

Address:
Chartered Bank Building
2nd Floor 4, Netaji Subhas Road
Kolkata

More Details

Functions &Organization Setup: The company came into being in 1870 and was then named as Arathoon Jute Mills Ltd in 1904 name changed as Lansdowne jute Mills Pvt Ltd and again the name of the Company was changed to Birds jute and Exports Limited (BJEL) in the year 1971, and it was decided to run as a processing unit for bleaching, dyeing & printing of Jute, cotton and blended fabrics. BJEL was initially a subsidiary of Bird & Co Ltd. Following nationalization of Bird & Co Ltd on October 25, 1980, Bharat Process & Mechanical Engineers Ltd ( BPMEL) under Ministry of Heavy Industry took over the Assets of Bird & Co and BPMEL became a holder of 59% of BJEL’s Equity Shares.

In 1986, GOI decided to transfer entire equity share holding of BPMEL in BJEL to National Jute Manufacturers Corporation Ltd (NJMC). Accordingly, BJEL became a subsidiary of NJMC Ltd w.e.f November 20, 1986 and came under the administrative Ministry Of Textile (MOT). Company is the owner of 52.7528 acres of land and out of this land a portion of 3.0749 acres of land acquired by Govt of West Bengal in the year 1962-63.since then the company is in possession of 49.6779 acres of land subject to the encroachment of land by outsiders, of which retation order 6240-L dated 07-04-1964 issued by Land and Land reforms Department as per provision of sec 6(1)(g) read with 6(3) of West Bengal Estate Acquisition Act 1953. Turnover and performance of the company started declining from FY 1988-89. The Company suspended its production in October 1988 because of repairs and renovation of old machine. Production was resumed in August 2001. However, the production was completely stopped from October 2002. All the workers were given VRS on 2003, Staffs in 2004 and Officers in 2011.

The closure of BJEL has been approved by The Union Cabinet on 10th October, 2018. The process of closure is being carried out in accordance with DPE guidelines No. DPE/5(1)/2014-Fin. (Part-1) dated 14.6.2018. M/s. MSTC Ltd. has been appointed as auctioning agency for disposal of all movable assets including building and NBCC Ltd. has been appointed as LMA for disposal of immovable assets as per DPE guideline dated 14.6.2018. The disposal of properties of BJEL is in advanced stage of completion.