NTC formulates new game plan to enter retail sector
20 Dec '07
2 min read
In a bid to uplift the depleted mills and cash in on the retail boom, National Textile Corporation (NTC) has decided to sign a series of joint ventures with Kishore Biyani-owned Pantaloon Retail (Future Group).
NTC, the single largest Textile Central Public Sector Enterprise under Ministry of Textile, has already made positive efforts by joining hands with several private sector players, including Alok Industries to leverage its present condition.
In an exclusive interview with Fibre2fashion, Mr R K Sharma, Director Technical, NTC, said, “The joint ventures with big players like Pantaloon will help the corporation to touch new heights as they are renowned and well established in the garment and retailing sectors. To take these retail JVs ahead we have to do lot of ground work for proper blending with the company and have to act like facilitators. We expect to gather good response from the market.”
When asked about the utilization of revenue earned from this JV for upgrading other NTC Mills, the Director Technical informed, “The Corporation has left no stone unturned to fortify the present condition of its mills. Around 119 mill units are operating under us and seven of them had undergone reformation and started operating starting this year.
marketing@alchempro.com
