India Will Revive National Textile Company'S Textile Factory

2008/12/20 0:00:00 69

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The company (NTC) has shut down 67 unable to survive under the 1947 labour dispute (ID) act.

Textile mill

It was approved by the industrial and financial reconstruction board (BIFR) rehabilitation plan and approved by the government.

　　目前，还没有关于以公私合营形式恢复、重开及更新上述关闭工厂的建议。原来的复兴计划在2002年4月得到工业与财政重建董事会（BIFR）下属机构的批准，随后，关于国家纺织公司的修正计划（MRS- 08 ）在2008年9月5日得到BIFR的批准。

According to MRS-08, the implementation time of the national textile company's recovery plan will be extended to March 31, 2009.

The total investment of MRS-08 is 91 billion 20 million rupees, all raised by itself.

The factory assets that have already been closed and the remaining assets of the textile mills with viable capacity can be sold.

Through MRS-08, BIFR has approved the closure of 12 factories.

MRS-08 also recommends cancellation of government loans and interest relief, with a time limit of March 31, 2007.

In addition, BIFR has approved a variety of income tax, wealth tax, capital gains tax reduction and tax.

Editor: vivi

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