MOU


VISION : 

TO BE A WORLD CLASS ECO-FRIENDLY INTEGRATED TEXTILE COMPANY, CATERING PRIMARILY TO THE CLOTHING NEEDS OF THE NATION. 

MISSION : 

TO BE A LEADING TEXTILE ENTERPRISE STEADILY IMPROVING CAPACITY UTILIZATION, ECONOMY OF OPERATIONS, PRODUCTIVITY, QUALITY, BRAND IMAGE, MARKET SHARE AND EXPORT.

OBJECTIVES :

TO MODERNIZE, CONSOLIDATE, EXPAND, DIVERSIFY ITS ACTIVITY AND TO RE-VISIT SYSTEMS, PROCEDURES AND POLICIES IN ORDER TO TURN AROUND THE COMPANY BY 2019. 

AUTONOMY AND DELEGATION OF FINANCIAL POWER:

ALL POWERS AS DELEGATED TO AN MOU SIGNING SCHEDULE ‘A’ COMPANY AS PER DPE OM NO. 18(24)/2003-GM-GL.66 DATED 5TH AUGUST, 2005

COMMITMENTS / ASSISTANCE FROM THE GOVERNMENT

Ministry of Textiles will consider the proposal of NTC for all turn around interventions including modernization, consolidation, expansion, diversification of its activities and to help, support and guide NTC in seeking approvals from the various authorities. Presently there is a shortage of only one Non- Official directors in the Company