British India Corporation
|Headquarters||14/66, Civil Lines, Kanpur-208 001, INDIA|
British India Corporation Limited (BIC) is a Public Sector Undertaking (PSU) of the Ministry of Textiles, Government of India. The company manufactures textiles for both civilian and armed forces consumption. It manufactures the popular "Lal-imli" and "Dhariwal" brands of woolen products. The company was established in 1920 as a public limited company, and in 1981 was nationalized and taken over by government of India. It has not generated a profit since 1989.
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$6.0 million).
It ceased manufacturing in 2005 but still employs 1,800 people. New weaving machines installed in 2005 have never been used.
- Financial Statement.
- "Modi seeks to revive India's 'zombie factories', not abandon them". Reuters. October 12, 2014.
- Ministry of Textiles.
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