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British India Corporation
Coordinates: 26°28′35″N 80°20′23″E / 26.476393°N 80.339617°E
| Industry | Woollen Mills |
|---|---|
| Founded | 1876 |
| Headquarters | 14/66, Civil Lines, Kanpur-208 001, INDIA |
Number of employees | 1,800 |
British India Corporation Limited (BIC) is a Public Sector Undertaking (PSU) of the Ministry of Textiles, Government of India. The company produces textiles for use by civilians and the Indian armed forces. It manufactures the popular "Lal-imli" and "Dhariwal" brands of woollen products. The company was established in 1876 by Sir Alexander MacRobert[1] as a public limited company[2] when he combined his six companies into one enterprise.[1] MacRobert died on 22 June 1922[3][lower-alpha 1] and his widow, Rachel, Lady MacRobert, assumed the role of director[5] until her eldest son, Alasdair, became chairman in 1937.[6]
In 1981, it was nationalised and taken over by the Government of India.[2] It has not generated profit since 1989.[7]
Headquartered in Kanpur, BIC nominally operates two woollen mills in Kanpur and Dhariwal (Punjab). In 2006 the company employed over 2,700 people and had aggregated revenues of ₹373 million (US$4.3 million).[8][9]
It ceased manufacturing in 2005 but still employs 1,800 people. New weaving machines installed in 2005 have never been used.[7]
References[edit]
Notes
Citations
- ↑ 1.0 1.1 Miller (2014), p. 109
- ↑ 2.0 2.1 "UP Govt Unveils Revival Package For British India Corporation", Financial Express, 28 January 2003
- ↑ "Death of Sir A. McRobert", The Times, no. 43065, p. 11, 23 June 1922
- ↑ Miller (2014), p. 9
- ↑ "Lady MacRobert", The Times, no. 53026, p. 8, 2 September 1954
- ↑ Miller (2014), p. 128
- ↑ 7.0 7.1 "Modi seeks to revive India's 'zombie factories', not abandon them", Reuters, 12 October 2014
- ↑ "British India Corporation, Balance sheet" (PDF), Department of Public Enterprises, archived from the original (PDF) on 16 July 2011
- ↑ "British India Corporation Ltd" (PDF), Ministry of Textiles, archived from the original on 19 June 2009
Bibliography
- Miller, Marion (2014), Cawnpore to Cromar, Librario, ISBN 978-1-909238-09-1
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