New Delhi: The Appointments Committee of the Cabinet (ACC) has approved the appointment of Ashutosh Gupta as Director (HR) of National Textile Corporation (NTC) Limited, a government-owned company under the Ministry of Textile, on Tuesday. According to an order from the Department of Personnel & Training (DoPT), Gupta has been appointed to the post for a period of five years with effect from the date of assumption of charge of the post, or till the date of his superannuation, or until further orders, whichever is earlier. He is currently serving as General Manager in Bharat Sanchar Nigam Limited (BSNL), a PSU under the Department of Telecommunications (DoT).
Earlier, PSU Watch had reported that Gupta was recommended for the post of Director (HR) of NTC Ltd by the PESB on March 6. He was selected from a list of three candidates who were interviewed by the selection panel.
The National Textile Corporation Limited (NTC) is a Public Sector Undertaking (PSU) under the Ministry of Textiles which was incorporated in April 1968 for managing the affairs of sick textile undertakings in the private sector taken over by the government. The company owns 23 working textile mills that produce yarn and fabric. The company was incorporated in April 1968. NTC had made a turnaround within a short span to emerge as a debt-free company with a highly competitive revival strategy. Apart from re-branding, NTC Limited had developed a new marketing and corporate strategy that included the revamping of all NTC stores and setting up of new stores.
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