Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>NTC Faces Losses Due to Cotton Price Volatility; Invests in Modernization and Offers Retirement Scheme Amid Challenges.</h1> The National Textile Corporation (NTC) has faced challenges in optimizing mill capacity due to power cuts in Tamil Nadu and labor shortages. Despite these issues, 13 mills reported cash profits in 2010-11. However, in 2011-12, price volatility and supply disruptions in raw cotton led to losses. NTC has invested in modernization and implemented measures like providing power backup and engaging women workers. A Modified Voluntary Retirement Scheme (MVRS) was offered to workers from unviable mills. The Government of Maharashtra requested land from NTC for a memorial, and a committee was formed to address this, considering environmental and legal requirements.