Lok Sabha Question No. 1476 (UNSTARRED), answered on 2025-12-09
Subject: Sale of Surplus Assets
Ministry: TEXTILES
Asked by: Thiru Thanga Tamilselvan, Dr. Ganapathy Rajkumar P

## 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 मार्घेररटा

## 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 to the  Reply of  Unstarred Question No.1476 dated  09.12.2025

| Sr. No.   | Name of the Mills and Location                      | Amount Spent (Rs. in Cr.)   |
|-----------|-----------------------------------------------------|-----------------------------|
| 1         | Algappa Textile Mills, Thrissur, Kerala             | 25.34                       |
| 2         | Cannanore S &WMills, Cannore, Kerala                | 130.76                      |
| 3         | Kerala Laxmi Mills, Thrissur, Kerala                | 26.83                       |
| 4         | Vijayamohini Mills, Thiruvandrum, Kerala            | 26.09                       |
| 5         | Cannanore S &WMills, 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 &WMill, Coimbatore, Tamil Nadu         | 0.96                        |
| 23        | Tirupathi Mills, Renigunta, Andhra Pradesh          | 3.85                        |
|           | Total                                               | 1,543.38                    |