The National Textile Corporation is a leading manufacturer and exporter of textiles in India. It was established in 1968.
With a rich history spanning over five decades, the corporation has grown to become one of the largest textile manufacturers in the country. The corporation's products include cotton yarn, fabrics, and garments.
The National Textile Corporation has a strong presence in the global market, exporting its products to over 50 countries worldwide.
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Manufacturing and Export
The National Textile Corporation (NTC) is expanding its horizons by entering the garment export market. Its first fully export-oriented unit in Hassan, Karnataka, will start manufacturing clothes and shirts within six months.
The NTC has a strong presence in the textile industry, and its export-oriented unit will be a significant addition to its portfolio. The unit will be based in Hassan, Karnataka.
India's technical textiles exports have seen a substantial rise, reaching ₹24,732.68 crore in FY25, a 15.53% increase over the last year.
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Manufacture and Export of Shirts
The National Textile Corporation is getting into the garment export business. They're setting up a fully export-oriented unit in Hassan, Karnataka, which will start manufacturing clothes and shirts within six months.
This unit will be the corporation's first foray into the export market, marking a significant shift in their business strategy.
Technical Textiles Exports Rise 15%
India's technical textiles exports have seen a significant increase, reaching ₹24,732.68 crore in FY25.
This growth represents a 15.53% increase over the last year. The rise is substantial and shows the potential of the industry.
Exports have jumped from ₹16,100.51 crore in FY21, a notable increase. The growth is not just a short-term trend but has been consistent over the past four years.
The Textiles Minister Giriraj Singh has stated that no National Textile Corporation mill has closed since 2015.
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Retail and Marketing
The National Textile Corporation (NTC) is about to modernize its 100-odd showrooms and become an integrated textile and garment player.
NTC plans to revive four showrooms at Delhi’s upscale shopping destinations such as Khan Market and Kailash Colony. The company is partnering with homes to make this happen.
NTC aims to be a leading textile enterprise by improving capacity utilization, economy of operations, productivity, quality, brand image, market share, and exports. This is a bold move for the company.
The company is launching new brands with a pan India presence, which will help them reach a wider audience. This is a great strategy for increasing their market share.
NTC is focusing on branding and retailing of its fabrics, which is a great way to showcase their products. They are also entering the technical textiles market, which includes products like diapers, sanitary napkins, masks, disposable gowns, and bed sheets.
By entering the technical textiles market, NTC is looking to improve its turnover and profitability. This is a smart business move.
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Company Vision and Structure
National Textile Corporation was established in 1968 under the Indian government's public sector undertaking policy. The company's primary objective was to promote and develop the textile industry in India.
The corporation was set up with a vision to make India self-sufficient in textile production. This involved diversifying the country's textile production, improving quality, and increasing efficiency.
The company's structure was designed to be decentralized, with several textile mills and units spread across the country. These units were responsible for producing a range of textile products, including cotton, wool, and silk fabrics.
National Textile Corporation's corporate office was located in Mumbai, with a team of experienced professionals managing the day-to-day operations.
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Government Involvement
The Government Involvement in the National Textile Corporation is quite significant. The Ministry of Textiles is the national agency responsible for formulating and implementing policies for the textile industry in India.
This includes planning, export promotion, development, and regulation of the industry, which encompasses all types of fibers used in making clothing, textiles, and handicrafts. The Ministry plays a crucial role in shaping the industry's growth and development.
Several Central Public Sector Undertakings (CPSUs) are under the Ministry of Textiles, including the National Textile Corporation Ltd. These CPSUs are involved in various aspects of the textile industry, such as manufacturing and marketing of textiles and handicrafts.
Some of the notable CPSUs under the Ministry include the British India Corporation Ltd., National Textile Corporation Ltd, Jute Corporation of India, Cotton Corporation of India Ltd, National Jute Manufacturing Corporation Limited, National Handloom Development Corporation, and Central Cottage Industry Corporation.
Take a look at this: Ministry of Corporate Affairs Forms
Frequently Asked Questions
Who is the owner of National Textile Corporation?
The owner of National Textile Corporation is the Ministry of Textiles, Government of India. It is a central public sector undertaking under their ownership.
Where is the headquarter of National Textile Corporation?
The headquarter of National Textile Corporation is located at Scope Complex, Core-IV, 7, Lodhi Road, New Delhi - 110003.
What is ntcl?
NTCL (National Textile Corporation Limited) is a Central Public Enterprise under the Ministry of Textile, Government of India, established in 1968. It manages the affairs of sick textile undertakings taken over by the government.
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