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Public Sector Undertakings

National Textile Corporation Limited

National Textile Corporation Limited

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

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The Handicrafts and Handlooms Export Corporation of India Ltd. (HHEC)

The Handicrafts and Handlooms Export Corporation of India Ltd. (HHEC)

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

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National Handloom Development Corporation Limited

National Handloom Development Corporation Limited

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

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Cotton Corporation of India (CCI)

Cotton Corporation of India (CCI)
The CCI was set up in 1970 by the Government of India, as an only Public Sector Organization in the field of cotton marketing. With the changing cotton scenario, the role and functions of the Corporation were reviewed and revised from time to time. As per the policy directives received from the Ministry in 1985, the CCI is the sole agency of the Government for undertaking Price Support Operations, whenever the prices of Kapas (seed cotton) touch the support price level. However, in the absence of price support operations, the Corporation undertakes commercial operations for supplying cotton to NTC Mills, Unit Mills of State Textile Corporations, Co-operative Spinning Mills and Private Mills, in addition to purchasing cotton for fulfilling export commitment. The role assigned to the Corporation, in brief, is as under:- • To undertake price support operations whenever the market prices of kapas touch the support prices announced by the Government of India without any quantitative limit; • To undertake commercial operations, only at CCI’s own risk and; • To purchase cotton to fulfill export commitments. The Corporation, with a view to serve the cotton growers and the textile industry, has developed an elaborate infrastructure. It had 19 Branch Offices in all major cotton growing States during the year under report. It helps cotton growers in marketing their Kapas through a network of over 341 purchase centers spread over the major cotton growing States. FINANCIAL RESULTS During Financial Year 2017-18, CCI achieved a turnover of Rs.1392.22 crores as against the previous year’s turnover of Rs.1962.96 crores. The highlights of the financial results during the financial year 2016-17 & 2017-18 were as follows:

Particulars

2017-18

2016-17

Purchase(in Lakh Bales)

10.77

0.95

Domestic Sales (in Lakh Bales)

3.97

8.19

Turnover (in Rs. Crores)

1392.11

1853.46

Profit after tax (in Rs. Crores)

9.33

(4.55)

During the year, Corporation’s short term debt is rated CARE A1+(SO)[CARE A One Plus] (Structured Obligation) i.e. the highest credit rating assigned in this category for short term bank borrowings of Rs.25,000 crores which signifies strong capacity for timely payment of short term debt obligation and carry lowest credit risk.
DIVIDEND: CCI recommended a dividend of Rs. 2.80 crores, during the financial year 2017-18.

Address:
'Kapas Bhavan', Plot No. 3-A,
Sector 10, Post Box No. 60,CBD Belapur,
NAVI MUMBAI - 400 614 (Maharashtra)

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Central Cottage Industries Corporation of India Ltd.

Central Cottage Industries Corporation of India Ltd

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

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The British India Corporation Limited

The British India Corporation Limited

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.

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Jute Corporation of India (JCI) Ltd

Jute Corporation of India (JCI) Ltd

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.

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National Jute Manufactures Corporation Ltd

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

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Birds Jute & Exports Ltd. (BJEL)

Birds Jute & Exports Ltd. (BJEL)

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.

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