In 75th year of Independence, India may shut down British India Corp

Established by British entrepreneur Sir Alexander MacRobert in 1920, the public limited company produced woollen products under the brand name "Dhariwal, apart from "Lal-Imli" -- once household names

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