Textiles Minister inaugurates modernised New Bhopal Textile Mills

NEW DELHI: Textiles Minister K Sambasiva Rao today inaugurated the modernised New Bhopal Textile Mills of National Textile Corporation (NTC) and said the revival will help in generating more jobs. 

"The government is committed to improve textiles production in the state. Issues of livelihood are integral to the sector as it is the second biggest employment generator in the country after agriculture," an official release said. 

"I am sure that with the support of the Textiles Ministry, New Bhopal Textile Mills will prove to be a catalyst of industrial development in the region," he added. 

As per the approved scheme of the 
Board for Industrial and Financial Reconstruction (BIFR), in the first phase NTC in 2008 replaced 16,848 spindles at a cost of Rs 26.42 crore and commissioned 25,200 new spindles to revive the sick unit. 

"This resulted in increase of monthly production from 1,800 kgs per day to 5,000 kgs per day which meant that even after providing Modified Voluntary Retirement Scheme (MVRS) to surplus workers, about 380 workers started getting wages everyday which invariably secured employment for about 600 local families," the statement said. 

In the second phase of modernisation, NTC had approved Rs 81 crore with which modernised machines were set up. This would increase the production from the present 5,000 kgs a day to 14,000 kgs per day, it said. 

This would mean that from the current sustenance of 380 workers, the mill will be able to sustain 650 workers every day which will invariably support 1,000 local families. This modernisation would lead to a total sale of Rs 72 crore every year, it added.