Textile Mills in Mumbai
The National Textile Corporation is a Central Public Sector Enterprises (CPSE), and it was established in April 1968. The main purpose of the company is to re-establish the sick textile undertakings in the private sector. The Textile mills were nationalized under Sick Textile Undertakings (Nationalization) Act 1974. The National Textile Corporation owned around 16 textile mills in 1968, which increased to 103 in the year 1972.73. By the year 1995, the company owned 119 Textile Mills with an authorized capital of ₹100 million.
The textile mills owned by the National Textile Corporation in Mumbai have closed down for decades and sitting on the huge tracts of land which can be used for many other productive purposes industrialization, commercialization, affordable housing and educational institutions etc. Mumbai was the land of 56 textile mills occupying around 600 acres of land and providing employment opportunities to more than 2.5 lakh workers. After 1982 the issues arising between the workers union and textile mills owners with respect to wages led to the downfall of the textile industry in Mumbai. The Maharashtra Government asked NTC and Private mills owners to develop the non-operational textile mills only if they give two-thirds of land to the government for the purpose of affordable housing. The 2001 amendment made by then the government made things worse as it said that only surplus land shall be divided and land inhabited by the mill's build-ups. would remain with mills owners. If this amendment would not have been taken place then Mumbai would have got at least 400 acres of land for its development
Details of Textile Mills land in Mumbai owned by National Textile Corporation (NTC)
| Name of the Mill | Location | Area (Acres) |
|---|---|---|
| Madhusudan Mills | Worli | 18.05 |
| Finlay Mills | Lalbaug | 10.40 |
| Jam Mills | Lalbaug | 7.99 |
| Sitaram Mills | N M Joshi Marg | 8.43 |
| Kohinoor Mills | Dadar | 22 |
| India United Mill No 1 | Lalbaug | 19.45 |
| Apollo Mills | N M Joshi | 6.41 |
| Gold Mohur | Dadar | 7.05 |
| New City | Byculla | 6.70 |
| India United Mills No 5 | Ghodopdeo | 5.56 |
| Tata Mills | Dadar | 28.27 |
| Podar Mills | N.M Joshi Marg | 6.19 |
