A letter from the Ministry of Textiles in this regard has reached Maharashtra Times. The Center has asked the Department of Public Industries (DPE) to start the process on January 19 to close the NTC. In this regard, the balance sheet of last two years should be sent to the Ministry immediately. The DPE will study the balance sheet and initiate further process to close the NTC, the letter said. The letter was also sent to NTC’s Mumbai office, which was verbally instructed to complete the NTC closure process by June, officials said.
What will happen to the employees?
As NTC closes in this way, 7,200 of its employees will also be in crisis. ‘If the corporation closes, the staff and officers should be accommodated in other departments. Otherwise, the families of all these employees will be affected, ‘a letter to this effect has been written by the NTC Employees Welfare Forum to the Central Government. The forum is chaired by Pratap Nitanvare, General Manager in charge of NTC Mumbai. The forum has decided to fight for the closure of NTC.