DEVELOPMENT
SCHEME FOR TRIBALS IN ANDAMAN
& NICOBAR ISLANDS
N.T.C.
mills had been incurring losses on account of uneconomic operation,
high cost of production, inadequate working capital & obsolete
machinery.
105.18
Lakh Kgs. Of yarn and 62.36 lakhs meters of cloth were produced
in these mills during 2001-2002. There were 32753 employees on
roll as on 30.6.2002, out of which 427 were officers.
Efforts
made to receive these mills- through respective State Governments/Workers’
Cooperatives and even through private sector on outright sale
basis – did not elicit proper response. After exhausting all avenues
for revival of these mills, BIFR has approved rehabilitation schemes
consisting closure of these unviable units after giving Voluntary
Retirement Scheme (VRS) to employees therein. This approach has
helped in reviving maximum number of viable mills and subsidiaries.
This
was stated by the Minister of Textiles, Shri Kashiram Rana in
a reply in the Lok Sabha today.
