Performance Assessment of National Textile Corporation after Turnaround

By : J.R. Dikshit, Parimal Chandra Basak, Kamal Vagrecha

Page No: 235-245

Abstract
The textile industry occupies a unique place in our country as a self-reliant industry. A number of textile mills were declared sick and closed down in the 1960s. The Government of India established National Textile Corporation (NTC) to manage these mills. There were several reasons for the sickness of these mills. NTC was referred to Board for Financial and Industrial Reconstruction (BIFR), and the Corporation adopted turnaround strategies. The operating performance of the NTC has been compared with Alok Industries. The labour productivity, overhead productivity and total factor productivity for NTC is low as compared to Alok Industries. Only the material productivity of NTC is comparable with Alok Industries.

Authors :
J.R. Dikshit : Associate Professor, Vishveshwarya Group of Institutions, Greater NOIDA, India
Parimal Chandra Basak : Former Professor of Management Indira Gandhi National Open University, New Delhi, India
Kamal Vagrecha : Assistant Professor of Management, Indira Gandhi National Open University New Delhi, India