British India Corporation
|Headquarters||14/66, Civil Lines, Kanpur-208 001, INDIA|
Number of employees
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$5.6 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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