Business - Briefly   

Panel for debt revamp of textile mills

COIMBATORE: The Union Ministry of Textiles has constituted an implementation committee under the chairmanship of the Secretary (Textiles) to ensure "smooth implementation" of the package for restructuring high cost of debts of textile units, according to industry sources here.

They said the committee would monitor the progress of the package and also examine various issues brought before it. The Ministry had also said that in order to assess the financial viability and the debt-restructuring package, banks/financial institutions and the units could appoint consulting organisations "as per their own assessment and decision". — Our Staff Reporter

Printer friendly page  
Send this article to Friends by E-Mail

Business

News: Front Page | National | Southern States | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary |

Stories in this Section

• Entry level: Maruti will retain its dominance
• Sales Tax Act to be amended
• Microsoft unveils Office 2003
• Sensex crashes by 96 points
• Rupee gains against $
• Biocon to raise $100 m
• India's gesture to Bangla cement exporters
• Indian Rayon profit up
• JISCO board nod for JVSL merger
• Syndicate Bank pays 10 p.c. interim
• HM cuts Lancer price
• Development Credit Bank to expand capital
• Metro Tyres launches two-wheeler tyres
• IOB first half profit jumps to Rs. 293 cr.
• Tisco's initiative in ore exports
• Nicholas Piramal Q2 net up
• Stock Market Index
• Exchange rates
• Bullion rates
• Small tea growers plan Umbrella Forum
• Panel for debt revamp of textile mills
• NTC bonus talks to continue
• Chamber welcomes CM's action plan

Copyright © 2003, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu