The Puducherry Textile Corporation (PTC), which runs the State-owned Anglo French Textile (AFT) mill, has planed to revive production in the defunct mill by October.
The work norm, as envisaged in the regulations laid down through a Government Order on September 23, 2009, would have to be adhered to strictly to ensure proper production, said Chairman of PTC V Bhalan. In c ase of disputes, the work should not be stopped.
Stating that the machinery in the mill was in good condition and some of them were the best, including the effluent treatment plant, Bhalan said he proposed to raise capital through the sale of idle property at Pathanur (55 acres), Thengaithittu ( 10,000 square feet), Thirubuvanai (2 acres) and a shed at Vadalur ( 1,500 square feet). A cabinet decision is required for this, said Bhalan. If it comes through, the mill could get `50 to `70 crore as investment expenses, pay for the VRS, purchase of machinery, and pensionary benefits, he added.
Meanwhile, the mill management has approached UT to give all government purchase orders (hospital linen, free clothing to poor, uniform for school students and others) for production by the AFT, involving an annual expenditure of `60 crore. Moreover, the management has also sought two months salary of about `8 crore and an additional aid of `5 crore to commence production. Although government has given the nod, said Bhalan, the approval by the Finance Department is awaited.
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