NTC Ltd. was set up with main objective of managing the affairs of the sick textiles undertakings taken over by the government. Rehabilitation and modernization of these mills after taking over them, are also with in the purview of the Corporation. At present NTC has under its control 119 mills.
Main products are yarn and cloth.
1990-1999 British India Corporation Ltd. The BIC was taken over by the Govt. Of India on 11.06.81 by acquisition of all private shares. The total share capital of BIC is Rs.44.65 Crores out of which Rs.42.96 Crores is held by the Govt. Main products are Yarn, Cloth and Woollen fabrics.