NTC revamps itself

The National Textile Corporation (NTC) now plans to focus on branding and retailing of its fabrics.

Also, the company is all set to enter technical textiles in a big way to improve its turnover and profitability. The management feels there is immense scope for technical textiles like diapers, sanitary napkins, masks, disposable gowns and bed sheets and the company wants to cash in on the huge demand in the country.

NTC has undergone a total transformation in the last five years from being a sick company to a potentially profit making organization. The modernization of its mills has been funded through the sale of assets to the tune of `4,149 crores. The company has drawn an ambitious corporate plan to reach a turnover of ` 2,014 crores by 2014 and will turn itself from a spinning unit to an integrated textile company consisting of ginning, spinning, weaving, processing and garmenting.

An initiative for skill development to train 30 lakh workers over a period of five years with an outlay of `2,200 crores will be taken up. Also backward integration through setting up ginning units to ensure quality of raw material and revamping of 92 NTC showrooms located across the country will be taken up. Of the 18 modernized mills, nine have been awarded ISO-9001 certification and the mills have done exports worth `6.5 crores during 2009-10.