 "A worker at the British India Corporation factory in Kanpur. The Department of Public Enterprises has floated a draft Cabinet note for closure of the company, along with National Textiles Corporation")
Once the iconic red-brick building of British India Corporation (BICL), which manufactured the popular “Lal-Imli” brand of woollen products, made Cawnpore (now Kanpur) the Manchester of the East.
In the 75th year of independence, the government may finally pull the curtains on the century-old, now defunct public sector enterprise.
“The Department of Public Enterprises (DPE) has floated a draft cabinet note for closure of British India Corporation (BICL) along with National Textiles Corporation (NTC). The Cabinet may soon take up the matter after the inter-ministerial consultation is over,” a government official said.
NTC is another Central public sector enterprise under the Ministry of
