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- Title
National Textile chalks out turn-around plan.
- Abstract
The article focuses on the move of National Textile Corp. (NTC), a spinning company run by India, to appoint global consulting firm KPMG to prepare a turnaround plan for the corporation that has been posting losses since 1974. The plan includes financial and corporate reorganisation. It says 17 of the 24 mills owned by NTC have already been brought up to date at an estimated cost of 580 crore rupees. The corporation has also formed joint ventures (JV) with 11 different private entities.
- Subjects
INDIA; BUSINESS planning; CORPORATE turnarounds; GOVERNMENT corporations; BUSINESS losses; CORPORATE reorganizations; TEXTILE factories; KPMG Consulting Inc.
- Publication
Man-Made Textiles in India, 2009, Vol 52, Issue 9, p329
- ISSN
0377-7537
- Publication type
Article