Tamil Nadu Textile Corporation Limited (TNTC)
Tamil Nadu Textile Corporation Limited,
established on April 24, 1969 is a fully government owned company operating under the Companies Act 1956.
Objectives
A brief of TNTC's primary objectives for the Tamil Nadu Textile Industry.
Textile Mills
TNTC's primary objective is to establish and operate textile mills within the state of Tamil Nadu.
Textile Business
It is authorised to conduct Textile related businesses in all their aspects and manage activities relevant to the textile industry as a whole.
Reviving Closed Mills
TNTC can take over and manage textile mills in Tamil Nadu that are either closed, facing financial difficulties, or have gone into liquidation to provide employment opportunities and contribute to economic revival.
Management of Government Industries
If the Government of India takes over any textile mill in Tamil Nadu under the Industries (Development and Regulations) Act 1951, TNTC can manage and control such mills.
Cotton Spinning & Weaving
TNTC is also involved in cotton spinning and production of yarn, cloth and other textile goods. It can establish powerloom units within the State.
Government Flagship Schemes
TNTC serves as the Nodal Agency for the supply of uniforms and the distribution of sarees and dhotis under Government schemes.
organisational setup
State Government Participation
Rs. 500.00 lakh
Rs. 500.00 lakh
The corporation is governed by a Board of Directors under the Chairmanship of the Commissioner of Textiles. The Managing Director act as Chief Executive.
Production in Power loom Complexes
The powerloom complexes at Kurichi produce uniform cloth for school going children under the Distribution of Uniform Scheme and the Distribution of Sarees and Dhoties Scheme of the Government of Tamil Nadu, as well as suiting, shirting, sarees and cloth for various public sector undertakings.