Union Government & National Textile Corporation signed MoU for establishing a Technology Centre at Kanpur

The Union Ministry of Textiles, Union Ministry of Micro, Small and Medium Enterprises (MSME) and National Textile Corporation (NTC) signed Memorandum of Understanding (MoU) to set up a Technology Centre at Kanpur.

Highlights of the MoU:

• Under the MoU, Ministry of MSME will fund the project, while NTC will provide the land in a closed unviable mill.

• Management will be through a Governing Council where Development Commissioner of MSME will be Chairman and Ministry of Textiles representative will be the co-chairman.

• The Ministry of Textiles will skill the youth in textile sector, thus, providing requisite skilled manpower to the textile industry.

• The Centre will provide support in manufacturing of quality tools that will improve productivity of MSMEs and enable them to become competitive in national & international markets.

• It will also provide trained manpower & consultancy in related areas.

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Union Government & National Textile Corporation signed MoU for establishing a Technology Centre at Kanpur

National Textile Corporation signed Integrity Pact with Transparency International India

National Textile Corporation (NTC) Limited signed a Memorandum of Understanding (MoU) with Transparency International India (TII) for adopting Integrity Pact (IP).

With this signing, NTC became the 51st Public Sector Undertaking (PSU) and 49th Central PSU to sign a MoU with TII.

Integrity Pact is a tool which ensures that all activities and transactions between a Company or Government Department and their Suppliers are handled in a fair, transparent and corruption free manner. It also prohibits any kind of bribing, favour or any other unethical practice, which is closely monitored by honorary Independent External Monitors (IEMs).

The IEMs
National Textile Corporation (NTC) Limited:

NTC is a Schedule A Public Sector Undertaking engaged and entrusted with Management & operation of Sick Textile Undertakings taken over and nationalized through various Acts. From a sick corporation NTC Ltd has moved to a turnover of 12 billion rupees in the year 2013-14 and operation loss to Zero.

Transparency International India (TII):

Transparency International India (TII) is an accredited chapter of Transparency International, Berlin. TII has been working in the field of public procurement since 2005 with an aim to bring about transparency in the tendering process. Integrity Pact, a Transparency International conceptualized instrument, has been vital in promoting clean procurement.

ONGC in 2006 became the 1st PSU to sign MoU with TII and implement Integrity Pact in its procurement process. Orissa Power Generation Corporation Limited is the only state PSU & New Delhi Municipal Corporation (NDMC) is the only municipality to sign a MoU with TII for implementation of Integrity Pact.

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National Textile Corporation signed Integrity Pact with Transparency International India