Fri, Dec 9, 2016 | updated 10:55 PM IST

Cabinet approves transfer of land of National Textile Corporation Ltd. to Maha Govt

Updated: Aug 03, 2016 20:58 IST

New Delhi, Aug. 3 (ANI): The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday gave its approval for the terms and conditions for transfer of 12 acres of National Textile Corporation Ltd. (NTCL), Indu-6 Mill land to Government of Maharashtra for construction of a memorial of Dr. B.R. Ambedkar.

The Chaityabhoomi of Bharat Ratna Dr. Babasaheb Ambedkar is situated in the vicinity of the land of Indu-6 Mill of National Textile Construction Limited (NTCL), Mumbai; a place of pilgrimage for millions of Indians.

The Union Cabinet had already approved the transfer of 12 acres of Indu-6 Mill land, vested in National Textile Corporation, to Government of Maharashtra for construction of a befitting Memorial for Dr. Babasaheb Ambedkar on payment of compensation as required under section 11A of the Sick Textile Undertakings (Nationalisation) Amendment Act, 1995 and ratified tripartite Memorandum of Understanding signed between Government of India, Government of Maharashtra and National Textile Corporation Ltd. (ANI)