Lens on Rs 20,000 cr mill land 'scam'
Dependable sources said the CBI investigation is focussed on an NTC board decision of 2007 to enter into joint ventures with private players to revive its closed mills in Mumbai and Aurangabad.Web
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Dependable sources said the CBI investigation is focussed on an NTC board decision of 2007 to enter into joint ventures with private players to revive its closed mills in Mumbai and Aurangabad.Web
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At present NTC has 23 working Mills, 49 closed Mills (under ID Act), 16 JV mills and 2 non-operative mills with approximately 10000 employees. There are 11 Chawls of NTC Mills in Mumbai in dilapidated conditions covering an area of 13.84 acres. Redevelopment of Mumbai Mills' Chawls building is mandatory for the land owner (NTC) …Web
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NTC Mill property Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. NTC Mill property Blogs, Comments and Archive News on Economictimes. ... NTC eyes Rs 750 cr from Mumbai mill sell-off. Aiming to garner a minimum of Rs 750 crore, state-run National Textile Corporation today said it …Web
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The government is looking to expedite the redevelopment of 11 dilapidated chawls on the National Textile Mills nearly 14-acre land in Mumbai soon in a time-bound manner, said Union Minister of Textiles, Commerce and Industry, Consumer Affairs and Food and Public Distribution Shri Piyush Goyal.Web
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Mumbai: Of the 25 textile mills owned by the National Textile Corporation (NTC), the land of around nine in South and Central Mumbai is expected to be released for redevelopment in the near future.Web
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He joined NTC in 2010 as a DGM(Tech) in Tata Mills and subsequently became GM having additional charge of Finlay/Digvijay Mills, Mumbai. He has vast experience in various departments i.e Production, Quality Assurance, Marketing, Maintenance, Administration, Customer relations, Purchases, Industrial Relation, Modernization, Finance etc.Web
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When asked why the process of selling closed mills of NTC in Mumbai was being held up for so long, the NTC chief alleged that the Maharashtra Government was blocking the same without valid reasons ...Web
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Mumbai has 18 mill lands owned by NTC. Of these, nine have 11 chawls with 2,062 units, of which 1,892 are residential and 170 commercial. Since MHADA can take up only cessed buildings for ...Web
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In 2008, NTC (National Textile Corporation) owned India United Mill 2 and 3 are the only 2 mills got conservation tag by MCGM. Today's Peninsula Tower at Lower parel was Dawn Mills Before and and High Street Phoenix Mills are two places which still has the long Chimney's in western Mumbai route.Web
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(A) NTC is modernizing its 23 mills from funds generated through sale of assets. Modernization has been completed in the following 18 Mills. 1. Coimbatore Murugan …Web
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News Brief Mumbai's NTC Mill Land Redevelopment Project Offers A Solution For City's Land Scarcity Ankit Saxena Tuesday, January 17, 2023 3:24 pm IST …Web
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86 rowsMumbai: Digvijay Textile Mills Cloth shop, Shop No. 17 to 21, Dr. Babasaheb Ambedkar Road, Kalachowki, Mumbai - 400033. 54 MAHARASHTRA: Mumbai: Jam …Web
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Redevelopment of Mumbai mills Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. ... (NTC) has formed a committee to study and suggest ways for rehabilitating the people living in the premises of nine of its defunct mills in the central areas of the megapolis, Union industry and. 15 Jan, 2023, 07:30 PM …Web
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NTC to sell more mill land. State-owned National Textile Corporation (NTC) plans to raise over Rs 6,000 crore from sale of around 100 real estate properties spread over five cities — Mumbai, Indore, Kanpur, Calcutta and Bangalore. 13 May, 2010, 01:02 AM IST.Web
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At present NTC has 23 working Mills, 49 closed Mills (under ID Act), 16 JV mills and 2 non-operative mills with approximately 10000 employees. There are 11 Chawls of NTC Mills in Mumbai in dilapidated conditions covering an area of 13.84 acres.Web
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The Union Ministry of Textiles is planning to develop the museum in Mumbai and it is likely to fund the project for between Rs 30 crore and Rs 40 crore. The ministry will allot a National Textile Corporation (NTC) mill for this purpose. The ministry has zeroed in on three of the NTC mills in Mumbai and one of them will be chosen for the purpose.Web
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The CMD of NTC Smt Prajakta Verma set the context by elaborating on the status of the NTC mills and the efforts taken by NTC to collaborate with Government of Maharashtra ... 16 JV mills, and 2 non-operative mills with approximately 10000 employees. There are 11 Chawls of NTC Mills in Mumbai in dilapidated conditions covering an area …Web
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The erstwhile India United Mills nos.2-3 in Kalachowky — one of NTC's fifteen shuttered mills given to the Municipal Corporation — are now being planned as the city's newest and largest museum. Devoted to the history …Web
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2005 – In March 2005, the National Textiles Corporation (NTC) had 25 mills in the city worth nearly Rs 5000 crore. They sold their mills in following way: 1) Sold Jupiter Mills to IndiaBulls for Rs 276 crore. 2) In June, the Mumbai Textile Mills was sold for Rs 702 crore, 3) In July, Kohinoor Mill number 3 was sold to Manohar Joshi and Raj ...Web
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There are 11 mills of the NTC in Mumbai and the chawls that stand on these mill lands are in dilapidated condition. The Brihanmumbai Municipal Corporation had declared these chawls as dangerous. But since there was no redevelopment plan, these chawls remained dilapidated. Mumbai BJP president Ashish Shelar was following it up …Web
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File Photo MUMBAI: To expedite the redevelopment of the mill land, the National Textile Corporation (NTC) has formed a committee to study and suggest ways for rehabilitating the people living in the premises of nine of its defunct mills in the central areas of the megapolis, Union industry and commerce minister Piyush Goyal said on Sunday. …Web
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This is the condition of most mill workers in Mumbai, say the trade union leaders of Rashtriya Mill Mazdoor Sangh. All the NTC mills in India including four mills in Mumbai – Tata Mills, Podar Mills, India …Web
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The NTC owns 18 mill lands in Mumbai. Nine of these lands have 11 chawls with 1,892 residential and 170 commercial units. This decision comes in support of the thousands of citizens residing in ...Web
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The National Textile Corporation plans to auction 45 acres of prime land,site of nine mills in Central Mumbai. The area includes 19,60,200 sq feet of constructed space. ... However,in December 2008,when bids were opened for the 10.3-acre Finlay Mill,the NTC found the quotations less than half the reserve price of Rs 1,065 crore. Three attempts ...Web
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Of the 17 mills that NTC has in Mumbai, two each would be handed to Maharashtra government and Mumbai administration. "After transferring two mills each to Maharashtra Housing and Area Development Authority (MHADA) and Brihanmumbai Municipal Corporation (BMC), 11 mills would be available for sale to real estate …Web
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All the NTC mills in India including four mills in Mumbai – Tata Mills, Podar Mills, India United Number 5 and Digvijay Textile Mill – closed down after COVID and have not reopened yet. The production in …Web
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At present NTC has 23 working Mills, 49 closed Mills (under ID Act), 16 JV mills and 2 non-operative mills with approximately 10000 employees. There are 11 …Web
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The India United Mills no. 2 and 3 were handed over to the BMC in 2009. In the past 20 years, as most of Mumbai's 60 cotton textile mills have closed or redeveloped, a vast heritage that was ...Web
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The National Textile Corporation Limited (NTC) is a Central Public Sector Enterprise under the Ministry of Textiles which was incorporated in April 1968 for managing the affairs of sick textile undertakings in the private sector, taken over by the Government. ... These 119 mills were controlled by NTC Ltd with the help of 9 subsidiary ...Web
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In a case that could speed up the process of paying up dues to workers who lost jobs when National Textile Corporation (NTC) mills in Mumbai were forced to clos Read 15 years of Mumbai Mirror's ...Web
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In Maharashtra, only 15 mills are working. A senior NTC official said that the value of the 21 closed mills in Maharashtra is Rs 26,624 crore. "The remaining 15 are estimated to be worth Rs 12,932 ...Web
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Earlier in June this year, NTC had sold closed mills in Mumbai and lapped up close to Rs 2,000 crore. Indiabulls InfraEstate had bagged NTC's 8.3 acres of Bharat Textile Mills land in the Worli area of Mumbai for a whopping Rs 1,505 crore. It also won the company's 2.3-acre Poddar Mill land for Rs 474 crore, paying almost double the reserve ...Web
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At the turn of the last century, the Mumbai plots were given on lease to textile mills, taken over by NTC a few decades ago. The leases expired in the 1990s and the mills stopped functioning.Web
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NTC resurrects 3 Mumbai mills. Has invested Rs 150 cr to modernise these mills, employing 2,500 workers. Even as private textile mill owners here shift from producing cloth to developing real estate, government-owned National Textile Corporation (NTC) has pumped in Rs 150 crore to modernise three mills in the city, to be …Web
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With more than 7,000 workers on their rolls, union leaders in Mumbai's NTC-owned mills said they hope to preserve their jobs as long as possible despite little sign that the government would salvage the ailing corporation. Though NTC controls hundreds of millions of rupees' worth of land across India, there's little chance of converting ...Web
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NTC Mills. National Textile Corporation Ltd. (NTC) was established primarily to arrange the affairs of the sick textiles undertakings taken over by the Government of India in three Nationalization Act in the year 1974, 1986 and 1995. On the basis of techno-economic viability study, 78 unviable mills were closed under Industrial Dispute (ID) Act ...Web
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The nine mills are spread across 150 acres, of which just 13.8 acres are occupied by the 11 chawls where mill workers reside. The redevelopment of the chawls by NTC is a first step, and it raises hopes that the remaining mill site will soon be offered for sale in the open market. A senior NTC official said, "NTC owns 18 mill lands in Mumbai.Web
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As the mill workers were contemplating an agitation, to avoid a stand-off between them and the government, Shelar took the initiative. Earlier, to ensure the redevelopment of 11 chawls on nine mill lands of the NTC in Mumbai, the BJP leader had taken a similar initiative and contacted the Union Ministry of Textiles. He had called upon …Web
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Around 2,500 workers are now employed in the three modernised mills, according to NTC. Mr. Chavan also announced plans for a museum on Mumbai's textile history.Web
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