“We are focused on value addition, and modernization”
Mr P.C. Vaish, Chairman and Managing Director, National Textile Corporation
NTC is planning to set up technical textile projects in JV mode with world leaders. Kindly give us some examples.
NTC has plans to set up technical textiles. We floated a global tender targeting those firms that can provide technology to India, and conduct JV mode business. The Board was of the view that NTC should first test waters by marketing the products of those firms. If the results are promising, then NTC can enter into JV model considering the scope of technical textiles. As of now, NTC has taken the MoU route for marketing the products of those companies. There are 12 types of technical textiles. We are exploring which technical textiles to enter first. Once we freeze down, we would definitely like to get into that field.
Is NTC developing a Centre of Excellence?
So far we do not have one. We have plans, though, to set up one in Gujarat with the collaboration of the state Government. Our priorities changed midway, as we are in the process of modernizing. But such a Centre is definitely at the top of our mind.
Please let us know about the export market of NTC?
NTC traditionally was not in exports. We only started exploring the market around 3 - 4 years back. In our maiden year, our exports touched Rs 20 crore. Last year we touched the Rs 100 crore mark. This year we are planning to increase up on that figure. The idea behind our exports is that we meet a certain benchmark and meet prevailing quality standards in the international markets. We are showcasing our yarn as well as fabric segments at many international textile fairs. We generated inquiries to the tune of Rs 200 crore at the last Heimtextil.
What is your long term vision for the NTC?
I consider that cloth is an ever-increasing need of the country and Government is the largest buyer and consumer of cloth for its different departments including military, paramilitary, Sarva Shiksha Abhiyaan, hospitals and railways. NTC can be a preferred supplier to the Government based on its timely supply and quality parameters, which on one hand would meet the Government’s requirements, and on the other help the farmer who is at the lowest end of society. I believe there is scope for NTC. It has managed sick mills. NTC was given sick mills to begin with. From an annual support of Rs 400 crores in 2002, we have been out of budgetary support for past 5 years. Having gained those capabilities, NTC can now go ahead on a large scale not only in modernizing, but also in product diversification and expansion.
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