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Complaints of irregularity in land sale of 3 mills

Last Updated: Monday, August 27, 2012 - 15:21

New Delhi: The government Monday said it had received complaints of irregularities in sale of land of Finlay Mills, Mumbai Textile Mills and Apollo Mills of National Textiles Corporation (NTC).

"Complaints regarding irregularity in sale of land of Finlay Mills, Mumbai Textile Mills and Apollo Mills of National Textiles Corporation had been received by the government," Minister of State for Textiles Panabaaka Lakshmi said in a written reply to the Lok Sabha.

These cases have been referred through the Central Vigilance Commission (CVC), she added.

To ensure transparency in sale of land, sales are done through an open tender with the approval of an Assets Sale Committee in accordance with the guidelines of the Board for Industrial and Financial Reconstruction (BIFR). NTC has also introduced a system of e-auction for sale of land, she said.

The sale of land is being effected as per the revival plan for NTC approved by the government and sanctioned by BIFR. Being a self-financing plan, the resources are to be generated by sale of surplus land and assets.

Lakshmi said NTC has garnered Rs 6,173 crore from sale of 1,432 acres of land in its various mills including Bharat Mills, Mumbai Textile Mills, Apollo Textile Mills and Indore Malwa United Mills located in various parts of the country.

Till now, NTC has revived 24 mills in different states, including Tamil Nadu, Maharashtra, Kerala, Gujarat and West Bengal.

Lakshmi said the Maharashtra government has requested for transfer of 12 acres of land belonging to India United Mill No. 6 vested in NTC, to the state government for construction of memorial of Babasaheb Ambedkar.

To examine the issue and make recommendations, a committee was formed comprising officials from the Ministry of Textiles, Ministry of Environment and Forests, state government of Maharashtra and other co-opted members from Ministry of Law and Justice.


First Published: Monday, August 27, 2012 - 15:21

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