Ministry of Textiles19-February, 2014 13:39 IST
Rampant Rise in Non-Functional Textile Units across the Country

The non functional textile units exist but are not proliferating as evident from the data below:-

The non functional textile units exist but are not proliferating as evident from the data below:-

 

Year

No. of closed Mills

2010-11

552

2011-12

559

2012-13

571

2013-14

(upto December 2013)

530

 

Government seeks to foster a policy regime, which facilitates growth and development of Indian industry. It has taken a number of steps to revive sick industrial units which, inter-alia include, guidelines of the Reserve Bank of India (RBI) to banks, amalgamation of sick units with healthy units, setting up of Board for Industrial and Financial Reconstruction (BIFR) under the Sick Industrial Companies (Social Provisions).

 

The information was given by the Minister of State in the Ministry of Textile Smt. Panabaaka  Lakshmi in the Rajya Sabha today. 

 

DS/SJM

 

 


(Release ID :103892)