Ministry of Textiles27-February, 2013 14:57 IST
Revival of Textiles Industry

 

As per data available with Textile Commissioner, the number of closed cotton/man-made fibre textiles mills (Non SSI) in the country during last three years are given below:-

(In No.)

Year

Government Mills

Private Mills

 

 

NTC

STC

 

 

2009-10

Nil

Nil

12

12

2010-11

4

2

38

44

2011-12

2

2

31

35

2012-13 (April-Dec.)

1

1

11

13

 

                                         Total

104

 

The major reason for closure of mills is financial problem. However, mills are also closed on account of labour problems and lock outs.

Government has setup Board for Industrial & Financial reconstruction (BIFR) under Sick Industrial Companies (Special Provisions) Act with a view to arranging the timely detection of sick and potentially sick companies and for the speedy determination of preventive, ameliorative and remedial measures which need to be taken in respect of such units.

 

BIFR has decided on reliefs / concessions etc. to be given to units / companies on the revival packages. Out of 104 mills closed during 2009-10, 2010-11, 2011-12 and 2012-13 (April-December), 34 textile cases are registered with BIFR as on 31.12.2012.  BIFR has declared one case as no longer sick and 11 cases were declared as sick.   

Government has also approved a debt restructuring package to help loss making textile mills in the year 2012, to be administered on case by case basis by the banks within the prudential norms of the Reserve Bank of India.

This information was given by the Minister of Textiles, Shri Anand Sharma in a written reply in the Rajya Sabha today.

 

             

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DS/RK

 


(Release ID :92619)