Tata Textiles

Tata Textile Mills was textile mills business of Tata group with head office at Bombay. It consisted of four textile mills; namely, Central India Mills also popularly known as Empress Mills at Nagpur, the Svadeshi Mills at Bombay, the Tata Mills at Bombay and the Advance Mills at Ahmedabad.[1] The four mills that, for several decades, produced and sold fabrics under the much reputed brand name of Tata Textiles.[2]

Tata's made their first entry into manufacturing and industry in 1874, when its founder Jamshedji Tata started The Central India Spinning, Weaving and Manufacturing Company naming as Victoria Mills and it was later renamed the mill as Empress Mill, when Queen Victoria was proclaimed Empress of India on 1 January 1877.[3] In 1887, Jamshedji purchased, sick Dharamsi Mills located at Kurla and renamed it Svadeshi Mill and turned it around. The produced cloth that was extensively exported to China, Korea, Japan and the Levant.[4] The Ahmadabad Advance Mills began its operation in 1903.[2]

The mills jointly were one of big producers of cotton textiles in India till decade of 1980s. As per datas the four mills of Tata Textiles produced about 150 million metres of cotton and other cloth annually in 1972 having 325,000 spindles and 6845 looms,[5][6][7]

Tata's exited from textile business gradually from decade of 1980s and they first sold Nagpur-based Empress Mills in 1986, which was taken over by Maharashtra State Textile Corporation, who ultimately closed in 2002.[8] In 1990 they exited from 87 year old New Ahmadabad Advance Mills, which was sold to Phulchand Exports.[2] The Tata Mills at Parel was taken over by National Textile Corporation.[9] However, as per latest news, Tata Housing Development Company will get possession of a large area of land in the heart of Mumbai which has been in possession of the defunct National Textiles Corporation-run Tata Mills at Parel.[10][11] While Svadeshi Mill wound up after it went to BIFR in 1997 and currently Shapoorji Pallonji Group is in legal battle, which stakes its claim on it, as its chief creditor.[12] So, by 1997, Tata Textile Mills would up business.[12]

References

  1. ↑ Claude Markovits. Indian Business and Nationalist Politics 1931-39: The Indigenous Capitalist Class and the Rise of the Congress Party. Cambridge University Press; 16 May 2002 [Retrieved 3 March 2017]. ISBN 978-0-521-01682-7. p. 31.
  2. 1 2 3 Business India. A.H. Advani; October 1990 [Retrieved 3 March 2017]. p. 75.
  3. ↑ Tata Group Milestones
  4. ↑ Jashedji Tata
  5. ↑ The Eastern Economist; a Weekly Review of Indian and International Economic Affairs. R.P. Agarwala; 1972 [Retrieved 3 March 2017]. p. 855.
  6. ↑ Evolution of Indian Economy & elementary Statistics. Allied Publishers; [Retrieved 3 March 2017]. ISBN 978-81-7764-033-5. p. 79.
  7. ↑ Handbook of Indian Cotton Textile Industry. 1969 [Retrieved 4 March 2017]. p. 12.
  8. ↑ "Nagpur's 110-year-old Empress Mills closed down". Times of India. 15 September 2002. Retrieved 3 March 2017.
  9. ↑ "NTC resurrects 3 Mumbai mills". Business Standard. 18 January 2010. Retrieved 3 March 2017.
  10. ↑ "Tata Housing Development Company will get possession of a large area of land in the heart of Mumbai". DNA News. Retrieved 3 March 2017.
  11. ↑ "40 acres of prime Mumbai land to be opened for realty". Hindustan Times. 3 February 2015. Retrieved 3 March 2017.
  12. 1 2 "Shapoorji Pallonji loses court battle for Swadeshi Mills". 16 October 2017. Retrieved 3 March 2017.
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