Public Sector Undertakings
National Textile Corporation Limited
The National Textile Corporation Limited (NTC) is a Central Public Sector Enterprise under the Ministry of Textiles which was incorporated in April 1968 for managing the affairs of sick textile undertakings in the private sector, taken over by the Government.
Starting with 16 mills in 1968, this number gradually rose to 103 by 1972-73. In the year 1974 all these units were nationalized under the Sick Textile Undertakings (Nationalization) Act 1974. The number of units increased to 119 by 1995. These 119 mills were controlled by NTC Ltd with the help of 9 subsidiary Corporations, with an authorized capital of 10 crore (US$1.81 million) which was raised from time to time and which is now about 7,000 crore (US$1.27 billion) and the paid up share capital of the corporation is about 4,000 crore (US$ 727 million).
Looking to the reduced number of mills and in line with the contemporary industry’s trend all 9 subsidiary companies have been merged with NTC Head office, located at New Delhi, making it into a single Company with effect from 01.04.2006. NTC has so far closed 78 mills and has transferred 2 mills in the State of Pondicherry to the State Government. NTC is to modernize all its mills by itself through generation of funds from the sale of its surplus assets and 5 mills are put in Joint venture with corporates. NTC has put up 3 Composite Textile Greenfield Units in Ahmedabad (Gujarat), Achalpur (Maharashtra) and one is an SEZ area of Hassan (Karnataka).
NTC has started taking initiatives to set up technical textile projects in Joint Venture with the world leaders and is working towards it.
Core-IV, 7, Lodi Road,
New Delhi – 110003
TEXPROCIL - The international face of Indian Cotton Textiles.
The Handicrafts & Handlooms Exports Corporation of India Ltd. (the “Corporation”) is a Government of India Undertaking under the administrative control of Ministry of Textiles. It 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. In the Year 1962, it was renamed as “The Handicrafts & Handlooms Exports Corporation of India Limited”. The Corporation is presently is a two star export house engaged in exports of handicraft and handloom products (including hand knotted woolen carpets and ready- made garments) besides undertaking export of gold and silver jewellery / articles. The company has an exhaustic range of Indian handicrafts , indian handlooms , Indian decoratives , Indian gifts , Indian antiques , leather decoratives , gems and jewellery , leather decoratives , wrought iron handicrafts . We at HHEC ensure the quality and genuiness of the products.
The Handicrafts & Handloom
Exports Corporation of India Ltd.
Jawahar Vyapar Bhawan, 1
New Delhi -110001
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
10th & 11th Floors, Vikas Deep,
22 Station Road, Lucknow -226 001
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.
During the financial year 2016-17, the Corporation has earned a net profit of Rs.7.44 crores (after tax) as against profit of Rs.11.69 crores (after tax) in the financial year 2015- 16. The highlights of the financial results during the financial year under review were as follows:
Domestic Sales (in lakh bales)
Export sales (in lakh bales)
Turnover (in Rs. crores)
Profit/(Loss) after tax (in Rs. Crores)
During the year 2016-17, 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.
Directors for the Financial Year 2015-16, recommend Dividend of 30% on the Profit After Tax (PAT) of the Company earned during financial year 2016-17 i.e., Rs. 2.25 crore.
'Kapas Bhavan', Plot No. 3-A,
Sector 10, Post Box No. 60,CBD Belapur,
NAVI MUMBAI - 400 614 (Maharashtra)
The Central Cottage Industries Emporium was established in Delhi 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 under the administrative control of Ministry of Textiles. The main objective of CCIC is to be a dealer, exporter, manufacturer and agent of quality Indian handicrafts and handlooms and to develop markets for these products in India and abroad. The Corporation has showrooms at Delhi, Kolkata, Mumbai, Bangalore, Chennai and Hyderabad.
Jawahar Vyapar Bhawan,
Janpath, New Delhi - 110 001
The British India Corporation Limited
The British India Corporation Ltd. (BIC) was incorporated as a Public Limited Company on February 24, 1920. It was taken over by the Government of India on 11th June, 1981 under the British India Corporation Ltd. (acquisition of shares) Ordinance. The BIC Limited, Kanpur owns and manages two woolen mills viz (1) Cawnpore Woollen Mills Branch, Kanpur (2) New Egerton Woollen Mills Branch, Dhariwal. The products of these two mills are popularly known by the Brand names of “Lalimli” & “Dhariwal” respectively. These units manufacture Woollen/Blended Suiting, Tweeds, Uniform Cloth, Lohis, Shawls, Rugs, Blankets etc. Based on the financial position, the B.I.C. Limited was referred to BIFR in 1991 and was declared as a Sick Company in 1992. A Rehabilitation Scheme was approved by BIFR at a total cost of Rs.210.51 crore in 2002. But the scheme was partially implemented because Government of Uttar Pradesh has not granted permission for conversion of lease hold land into free hold land. Another scheme (MS-08) for Rs.338 crore was approved by the Cabinet on 09.06.2011 subject to condition that permission is first obtained for sale of surplus land from Government of Uttar Pradesh, which is still awaited.
Jute Corporation of India (JCI) Ltd
JCI is a GoI 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 stabilising 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 interseasonal and intra-seasonal fluctuations in raw jute prices. JCI’s Departmental Purchase Centres (DPCs), which are situated in rural areas, purchases raw jute directly from the farmers. JCI has around 171 DPC’s of which 101 are in West Bengal, 26 in Assam, 20 in Bihar and the rest in the three other jute growing states of Andhra Pradesh, Orissa and Tripura. During the year 2014-15 (upto 19.1.205) 0.154 lakhs of bales have been procured by JCI under MSP operation. The authorized and paid up capital of the Corporation is `5 Cr & the net worth is `86.37 Cr. as on 31.03.2014. The entire authorized capital has been subscribed by the Government of India
15 N, 7th Floor, Nelli Sengupta Sarani,
New Market, Kolkata - 700087.
National Jute Manufactures Corporation Ltd
National Jute Manufactures Corporation Ltd. (N.J.M.C.) was registered and / or incorporated on 3rd. June, 1980 as a wholly owned undertaking of the Government of India comprising of following 6 (six) Jute Mills viz National, Kinnison, Khardah, Alexandra, Union in West Bengal and Unit RBHM in Katihar, Bihar. The main objectives of the Company are to carry on business of manufacturing of Jute Goods (Sacking) for supply to food processing agencies of the Government. The Company was referred to BIFR in the year 1992 due to its continuous loss since inception and erosion of net worth. The 136 Ministry of Textiles operations of these mills were suspended in the year 2003-04. However, at the intervention of the Ministry of Textiles BIFR has finally approved the revival proposal of the company in its meeting held on 31.03.2011 to run its three mills ( Kinnison, Khardah in West Bengal and Unit:RBHM in Katihar, Bihar) by NJMC itself out of six jute mills in view of cabinet decision on March, 19th 2010 and 25th November 2010. The operations of these mills were suspended in the year 2003-04 and all the workers and staff was given VRS as per the sanctioned scheme prior to this year. Full efforts were taken to restore HT power line, repair of Factory sheds, godowns, offices and repair and renovation plant & machineries and other infrastructure to start production during the year by engagement of contract labour and it is happy to note that regular production has been started in all the above three mills during the year. The NJMC is procuring raw jute from JCI and manufactures Sackings (Jute Bags) which are being supplied to food procuring agencies of the Governments against the PCOs time to time issued by office of the Jute Commissioner
Chartered Bank Building
2nd Floor 4, Netaji Subhas Road
Birds Jute & Exports Ltd. (BJEL)
a subsidiary of NJMC Birds Jute & Exports Ltd (BJEL) a processing unit of Jute fabric was a subsidiary of Bird & Co. established in 1904. Bharat Process & Mechanical Engineers Ltd.( BPMEL) under the Ministry of Heavy Industry took over the assets on nationalization in 1980 and became a holder of 58.94% of BJEL’s equity shares. Thereafter the GoI decided to transfer shares of BJEL to NJMC in 1986. BJEL operated as a processing unit for bleaching, dyeing & printing of jute and blended fabrics. It was declared sick by BIFR u/s 3(1)(0) of Sick Industrial Companies (Special Provisions) Act, 1985 (SICA) in the year 1999 due to continuous losses and negative net worth. Of late IDBI Bank Ltd. was appointed as operating agency for preparation Rehabilitation Scheme under section 17(3) of the said Act