National Textile Corporation

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The National Textile Corporation is a Central Public Sector Enterprises (CPSE), 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. By the year 1995, the company owned 119 Textile Mills with an authorized capital of ₹100 million.

NTC happens to be among the largest landholders in the country with most land parcels in central and prime urban spaces. The total land with NTC from information gathered from publicly available sources is 1,158 acres with a value of ₹ 25,622 crore (estimated using conservative land prices and an FSI of only 1). See map and its accompanying table for details.

NTC all 01.png





[1] National Textile Corporation (NTC)
# Mill Area (acre) Value (₹ crore)
1 Malout 21 42
2 New Victoria Mills Kanpur 31 63
3 Muir Mills Kanpur 46 93
4 Swadesh Cotton Mills Kanpur 54 109
5 Luxmi Ratan Mills Kanpur 13 26
6 Atherton Mills Kanpur 22 45
7 Chandrapur 70 142
8 Bijli Cotton Mills 1 2
9 Mahalaxmi Mills Beawar 16 32
10 Bijaynagar Cotton Mills 15 30
11 Swadeshi Cotton Mill 25 51
12 Bihar Cooperative Mills Mokameh 30 61
13 Udaipur 14 28
14 Manindra B.T. Tex. Mills Cossimbazar 6 12
15 Bhopal 53 107
16 Hira Mills Ujjain 72 146
17 Viramgam 14 28
18 Ahmedabad 8 16
19 Kalyanmal Mills 33 67
20 Indore 44 89
21 Sodepur Cotton Mills 9 18
22 Petlad Mills 30 61
23 Burhan Tapti Mills 6 12
24 Madhusudan Mills 11 2,226
25 RSRG Mills Akola 8 1,619
26 Aurangabad Mills 1 202
27 Indu Mills 7 1,416
28 Kohinoor Mills 16 3,237
29 Tata Mills 14 2,833
30 Finlay Mills 10 2,023
31 Jam Mills 7 1,416
32 Sita Ram Mills 11 2,226
33 Barshi Mills 22 4,452
34 MSK Mills 38 414
35 Anantpur Mills Tadaptatri 44 89
36 Tolahunse 138 1,503
37 Tirupat Cotton Mills Renigunta 41 83
38 Mysore Mills 3 33
39 Minerva Mills 29 316
40 Pioneer Spinners 33 67
41 Kaleswarrar Mills 15 30
42 Somasunaram Mills 6 12
43 Coimbatore Spg& Wpg Mills 18 36
44 Kaleswarrar Mills B unit 53 107
Total 1,158 acre ₹ 25,622 crore



Textiles Mills in Mumbai


The textile mills owned by the National Textile Corporation in Mumbai have closed down for decades. These abondoned mills are sitting on huge tracts of land which can be used for many other productive purposes of industrialization, commercialization, affordable housing, or educational institutions. 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 the then government made things worse. The amendment laid down that only "surplus land" within the mills shall be divided. While, land inhabited by the mill's build-ups would continue remaining with the owners of the mills. In the absence of such an amendment Mumbai could have received at least 400 acres of land for its development.

The vacant mills in Mumbai occupy highest valued parts of the city. They are abandoned and locked keeping away affordable housing and possibilities of development for the city. From the information available publicly, of 13 abandoned mills in Mumbai lock 155.83 acre of the value ₹ 31,533 crore (valued using conservative land prices and an FSI of only 1). See the map and its accompanying table for more details.

NTC.png





Vacant Mill Land in Mumbai
# District Area (acre) Value (₹ crore)
1 Kohinoor Mills 22 4,452
2 Gold Mohur 7.05 1,427
3 Tata Mills 28.27 5,720
4 Madhusudan Mills 18.05 3,652
5 India United Mill No 1 19.45 3,936
6 Finlay Mills 10.4 2,104
7 Jam Mills 7.99 1,617
8 Podar Mills 6.19 1,253
9 Sitaram Mills 8.43 1,706
10 Digvijay Mills 9.33 1,888
11 Apollo Mills 6.41 1,297
12 New City 6.7 1,356
13 India United Mills No 5 5.56 1,125
Total 155.83 acre ₹ 31,533 crore



References

  1. 13th Report to Lok Sabha, "Land Assets Management in National Textile Corporation", NTC, 2017