**Executive Summary**
This document is an answer to Unstarred Question No. 1476 in Lok Sabha, to be answered on 09.12.2025, regarding the sale of surplus assets of the National Textile Corporation (NTC). It outlines funds accumulated through asset sales, expenditures on modernization and other dues, and challenges faced in the NTC revival scheme. The response also references the year 2002, the year BIFR sanctioned a revival scheme for NTC, and the year 2020 and 2021 for lockdown and resuming of some of the mills.
**Key Points / Main Content**
* **Funds from Asset Sales:**
* NTC accumulated ₹6,154.94 crore through the sale of surplus assets under the BIFR scheme.
* **Expenditure Details:**
* Modernisation: ₹1,543.38 crore.
* Modified Voluntary Retirement Scheme: ₹2,384.78 crore.
* Payment of other dues: ₹577.96 crore.
* Corpus (utilized until 2021): ₹1,648.82 crore.
* **NTC Revival Scheme:**
* In 2002, BIFR sanctioned a revival scheme to modernize 53 mills.
* The scheme was modified in 2006 and 2008.
* 23 mills were made operational.
* Operations were suspended due to the nationwide lockdown on 25.03.2020.
* Some operations resumed after the lockdown but could not be sustained after 2021.
* **Annexure-I** shows the “Amount Spent (Rs. in Cr.)” against the “Name of the Mills and Location” for 23 mills with a total amount of ₹1,543.38 crore.
**Impact Analysis**
**Stakeholder: Union Government**
* **Impact:** Accountable for providing information on the use of funds generated from the sale of NTC assets and the progress of the revival scheme.
* **Action Required:** Continue to address challenges and constraints impacting the NTC revival operations.
**Stakeholder: National Textile Corporation (NTC)**
* **Impact:** Directly affected by the availability of funds for modernization and operation of mills.
* **Action Required:** Manage operations within allocated funds and strive for sustainable operations despite challenges.
**Stakeholder: Employees of NTC**
* **Impact:** Affected by the revival scheme, including modernization, voluntary retirement schemes, and the operational status of mills.
* **Action Required:** N/A - No action specifically mentioned in the document.
**Stakeholder: Board for Industrial and Financial Reconstruction (BIFR)**
* **Impact:** BIFR is the sanctioning authority for the revival scheme.
* **Action Required:** N/A - No action specifically mentioned in the document.
Key Entities Referenced
National Textile Corporation (NTC): The primary subject of the policy, undergoing revival and modernization through sale of surplus assets.
Revival & Modernization Scheme: The scheme implemented by NTC to modernize 53 mills, funded by the sale of surplus assets.
Board for Industrial and Financial Reconstruction (BIFR) Scheme: The scheme under which NTC accumulated funds through the sale of surplus assets.
Ministry of Textiles: The ministry responsible for overseeing the textile industry, answering questions about NTC and the related schemes.
Tamil Nadu: A state with a significant presence of textile mills affected by the NTC's revival and modernization efforts.
LOK SABHA
UNSTARRED QUESTION NO. 1476
TO BE ANSWERED ON 09.12.2025
SALE OF SURPLUS ASSETS
1476. THIRU THANGA TAMILSELVAN:
DR. GANAPATHY RAJKUMAR P:
Will the Minister of TEXTILES वस्त्र मंत्री
be pleased to state :
(a) whether it is a fact the Union Government has accumulated fund partly through sale of surplus assets
of National Textile Corporation (NTC) for implementing Revival & Modernization of National Textile
Corporation (NTC) originally established in 1968 to allow for the modernization of 53 mills and if so,
the details thereof;
(b) the total amount accumulated through sale of surplus assets of NTC as on date, mill-wise;
(c) total amount spent under Revival & Modernization as on date, location and mills-wise;
(d) whether the Union Government has met any challenges in pediments and constraints which have
impacted its Revival & Modernization Scheme operations; and
(e) if so, the details thereof?
उत्तर
ANSWER
वस्त्र राज् य मंत्री (श्री पबित्र मार्घरे रटा)
THE MINISTER OF STATE FOR TEXTILES
(SHRI PABITRA MARGHERITA)
(a) to (c): As per the Board for Industrial and Financial Reconstruction (BIFR) Scheme, NTC has
accumulated ₹6,154.94 crore through sale of surplus assets for implementing revival and modernization
of NTC, which were spent towards Modernisation (₹1,543.38 crore as per Annexure-I), Modified
Voluntary Retirement Scheme (i.e.₹2,384.78 crore); Payment of other dues (i.e. ₹577.96 crore) and
Corpus which was utilized over a period upto 2021(i.e ₹1,648.82 crore).
(d) & (e): In the year 2002, BIFR had sanctioned the revival scheme for NTC as per which 53 mills
were proposed to be modernized by NTC. However, this revival scheme was later modified, first in the
year 2006 and then in the year 2008. Since then, 23 mills were made operational by NTC. However,
operation of these mills were suspended due to declaration of Nation-wide lockdown on 25.03.2020.
Subsequently, with the ease of lockdown restrictions, operation of some of the mills were resumed but
could not be sustained after 2021.ANNEXURE-I
Annexure to the Reply of Unstarred Question No.1476 dated 09.12.2025
Sr. Name of the Mills and Location Amount Spent (Rs. in Cr.)
No.
1 Algappa Textile Mills, Thrissur, Kerala 25.34
2 Cannanore S & W Mills, Cannore, Kerala 130.76
3 Kerala Laxmi Mills, Thrissur, Kerala 26.83
4 Vijayamohini Mills, Thiruvandrum, Kerala 26.09
5 Cannanore S & W Mills, Mahe, Puducherry 37.21
6 Podar Mills, Mumbai, Maharashtra 40.45
7 Barshi Textile Mills, Barshi, Maharashtra 25.27
8 Tata Mills, Mumbai, Maharashtra 81.17
9 India United Mill No.5, Mumbai, Maharashtra 32.29
10 Cambodia Mills, Coimbatore, Tamil Nadu 14.06
11 Coimbatore Murugan Mills, Coimbatore, Tamil Nadu 16.88
12 Pankaja Mills, Coimbatore, Tamil Nadu 22.59
13 Pioneer Spinners Mills, Kamudakudi, Tamil Nadu 78.67
14 Sri Rangavilas S. & W. Mills, Coimbatore, Tamil Nadu 56.77
15 Kaleeswarar Mills 'B' Unit, Kalayarkoli, Tamil Nadu 71.64
16 Arati Cotton Mills, Howrah, West Bengal 48.69
17 Burhanpur Tapti Mills, Burhanpur, Madhya Pradesh 125.59
18 New Bhopal Textile Mills, Bhopal, Madhya Pradesh 100.46
19 Finlay Mills, Achalpur, Maharashtra 257.45
20 Minerva Mills, Hassan, Karnataka 177.95
21 Rajnagar Tex. Mills, Ahmedabad, Gujarat 142.41
22 Coimbatore S & W Mill, Coimbatore, Tamil Nadu 0.96
23 Tirupathi Mills, Renigunta, Andhra Pradesh 3.85
Total 1,543.38
****