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NTC's ₹6,154.94 Crore Surplus Asset Sale for Textile Revival

Official Press

09 Dec 2025

The National Textile Corporation (NTC) has utilized ₹6,154.94 crore accrued from the sale of surplus assets to modernize and revive textile mills, under a scheme sanctioned by the Board for Industrial and Financial Reconstruction (BIFR). From this fund, ₹1,543.38 crore was allocated for modernization, allowing 23 mills to become operational until the COVID-19 pandemic led to their suspension. Efforts to resume operations post-lockdown were unsuccessful after 2021. This information was disclosed by Textile Minister Shri Pabitra Margherita in a reply at the Lok Sabha.

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Union Budget 2026-27 Emphasizes Environmental Sustainability

ALIMCO Leads Divyangjan Empowerment in India's 2026–27 Budget

Union Budget 2026–27: Driving India towards Global Trade Leadership

Indian Railways Announces Record Expenditure to Boost Connectivity and Safety