As per the Global Textile and Apparel Industry: Vision
2015, World textile and apparel trade is expected to reach US$805bn by
2015 from US$650bn in 2010. The Indian textiles industry, currently estimated at around
US$108 billion, is expected to reach US $ 141 billion by 2021. The industry is
the second largest employer after agriculture, providing direct employment to
over 45 million and 60 million people indirectly.
The
vision of GTN Textiles is to achieve highest level of customer satisfaction in everything
they do & believe in ensuring its product quality. It is the mission of GTN
to realize the zero defect, zero accidents, zero pollution and thereby to have
zero losses and also implicit trust, high ethical, moral values, and unswerving
commitment to customers.
GTN
TEXTILES LTD is incorporated on August 2nd 1962 at Aluva, near
Cochin in Kerala state and commissioned in 1964.The GTN Textiles has nine
number of departments covering 1200 employees. There are 2 unions and their long
term contract is expiring on March 2016.
The
company continues to be a significant player in the medium, fine and superfine
segment in the world cotton yarn market and is continuously innovating new
added products like compact yarns and other specialty yarns. Company’s
marketing section keep tracks of its products, demand and supply. Though the
company is performing better in the recent years, the financial position of GTN
Textiles has not been improved and the company continued to be classified as a
“potentially sick company” under the provisions of Sick Industrial Companies
(Special Provisions) Act, 1985 as at the close of 31/03/2015.
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