The government today said it had chalked out a blueprint to modernise 22 National Textile Corporation mills at a cost of Rs 530 crore. Fifteen mills would start production in the next couple of years. |
"Of the total 119 ailing NTC mills, we have closed down 62. We will modernise 22 mills at a cost of Rs 530 crore," Textile Minister Shankersinh Vaghela said at the Economic Editors' Conference. |
|
The government has mobilised Rs 3,173 crore by selling 42 NTC properties in various parts of the country. Five properties in Mumbai alone fetched Rs 2,000 crore, he said, adding the modernisation plan for NTC's 22 mills was to be met from the surplus money the company had after the land sale. |
|
He said a group of ministers headed by Agriculture Minister Sharad Pawar would meet on November 28 to look into a proposal to revive 18 other NTC mills through the joint venture route. |
|
The textile sector is likely to invite investments to the tune of Rs 33,000 crore in the current financial year, up 51.02 per cent compared with the last financial year. |
|
Of this, Rs 25,000 crore will come from the government's Technology Upgradation Fund Scheme. |
|
Vaghela said the government has also cleared 26 integrated apparel parks as part of measures to push textiles exports to $50 billion by 2010. |
|
Of these, 22 parks would be set up in Gujarat, Andhra Pradesh, Maharashtra and Tamil Nadu. Uttar Pradesh and West Bengal would get a park each, while two would be set up in Rajasthan. |
|
The 26 apparel parks are to be set up at a cost of Rs 2,430 crore. For each park, the centre gives a subsidy of Rs 40 crore for infrastructure development. |
|
|
|