NTC initiates Rs 530-cr modernisation plan for 22 mills

The first batch of ring spinning machinery being imported by National Textile Corporation (NTC) from China by next month or January 2007 will be commissioned for production by March as targeted, Chairman and Managing Director of NTC, Mr Ramachandran Pillai said here on November 23. The NTC has imported about one-lakh spindles from China’s state-owned textile machinery conglomerate CTMTC, costing Rs 80 crore, and has received a part of this order.

However, the first load of 840 spinning frames (about 16,000 spindles) meant to be erected in Murugam Mills, one of NTC’s textile mills in Coimbatore; another 440 frames consisting of about 5,000 spindles (meant for Alagappa textile mill in Kerala) have been dispatched.

Mr. Pillai also informed that they are expecting the technicians from Chinese company to begin erecting the spinning machines by next month or January and hopefully, the trials would start by February.

The corporation has taken up modernisation of 22 mills located largely in southern/western parts of the country at a cost of Rs 530 crore involving 7-lakh spindle capacity.

Of this, the Rs 80-crore Chinese order is to modernise spinning line in five units (one in Tamil Nadu, two each in Kerala and Maharashtra), while the remaining Rs 450 crore would be spent on spinning preparatory, weaving machines/equipment for post spinning and value-addition etc..

Further, the corporation is also considering proposals to expand the production capacity in some of the textile mills by using their existing building infrastructure.

The broad outlined modernisation plans are currently restricted to 22 of the 40 viable units taken up for revival and will be completed by December 2007.

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