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 inaugurated on Tuesday.
The company’s three units in the city’s mill district — Tata Mills (Parel), Podar Mills (Lower Parel) and Indu Mills No 5 (near Lalbaug) — are set to use new German and American equipment. These mills employ over 2,500 workers and would carry out spinning and weaving operations only, not processing. They would together produce 10-12 million kg of yarn annually and 14 million tonnes of cloth.
The second innings for the three units comes when only two private undertakings — Ruby Mills and Bombay Dyeing — remain, both only partially operational. The others have either shut or been relocated to other parts of the state or to neighbouring Gujarat. For instance, Morarjee Mills shifted its operations to Butibori near Nagpur; a part of Ruby Mills went to Khopoli, Hindustan Mills to Karhad and some of Bombay Dyeing’s facilities shifted to Ranjangaon. Mafatlal Mills and Century Mills opted for Gujarat.
More : business-standard.com
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