British India Corporation

From Wikipedia, the free encyclopedia
Jump to: navigation, search

Coordinates: 26°28′35″N 80°20′23″E / 26.476393°N 80.339617°E / 26.476393; 80.339617

British India Corporation
PSU
Industry Woollen Mills
Founded 1920
Headquarters 14/66, Civil Lines, Kanpur-208 001, INDIA
Number of employees
1,800
Website www.lal-imli.com

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 1920 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][a] and his widow, Lady Rachel Workman 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$5.8 million).[8][9]

A view of Lal Imli factory

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

  1. ^ Sir Alexander changed the spelling of his name from McRobert to MacRobert when he was awarded a baronetcy.[4]

Citations

  1. ^ a b Miller (2014), p. 109
  2. ^ a b "UP Govt Unveils Revival Package For British India Corporation", Financial Express, 28 January 2003 
  3. ^ "Death of Sir A. McRobert", The Times (43065), p. 11, 23 June 1922 
  4. ^ Miller (2014), p. 9
  5. ^ "Lady MacRobert", The Times (53026), p. 8, 2 September 1954 
  6. ^ Miller (2014), p. 128
  7. ^ a b "Modi seeks to revive India's 'zombie factories', not abandon them", Reuters, 12 October 2014 
  8. ^ "British India Corporation, Balance sheet" (PDF), Department of Public Enterprises, archived from the original (PDF) on 16 July 2011 
  9. ^ "British India Corporation Ltd" (PDF), Ministry of Textiles, archived from the original on 19 June 2009 

Bibliography