| Company type | Public Sector |
|---|---|
| Industry | Textile industry |
| Founded | Chinnakada,DowntownKollam,India (1884)[1] |
| Headquarters | , |
| Products | Textile |
Number of employees | 120[2] |
A.D.Cotton orParvathi Mills Limited is atextile manufacturing company owned by theNational Textile Corporation (NTC) inKollam city,India.[3] The company was founded in 1884 by British citizen A.D. Cotton and was the lifeline of Kollam before independence. This mill was taken for rent for running by a Tamil enterpriser after Independence as the land was owned by the Kerala State Textile Corporation at that time. It was later handed over to the NTC. The company has 120 employees, six of which are NTC staffers and 17 are casual workers. The plant has been shut down since 2008 pending modernisation.[2] However, there is demand to build a bird sanctuary connected to backwaters.
His HighnessVisakham Thirunal Rama Varma, the thenMaharaja of Travancore took the initiative to start a spinning mill inQuilon city (now known asKollam) which was then business capital ofTravancore along theMalabar Coast. He donated the land to start the AD Cotton Mill in 1884. The land was handed over toNational Textile Corporation in 1974.[4]
The NTC planned to privatize Parvathy Mills in 2005. The plant was added by theBoard for Industrial and Financial Reconstruction who had listed it for revival in 2002. The plan was dropped after protests by the Parvathy Mills Workers Union.[5]
Along with many other mills inMumbai,Coimbatore,Ahmedabad,Aurangabad,Akola,Nanded,Naini,Jaipur andUdaipur, Parvathy Mill was slated for redevelopment and modernisation in 2007[6] and 2012.[7] To date these improvements have not taken place, and mill has been closed since 2008.[8][2] As per the market rates in 2019, the total land value of Parvathy Mill would be more than₹500 crore (US$59 million). The defunct mill's machinery has already become outdated and rusted beyond revival.[9]
Representatives from Kollam along with organizations staged adharna and march in February 2014 to try to obtain the Parvathy Mill land as the site for a government medical college. The mill is on 16.40 acres of prime city land[4] valued at more than Rs.4 billion (US$64 million) as per the market value of 2014.[citation needed] As of December 2014[update], administrative delays in deciding on a site and obtaining land continue to delay the start of construction of the new college.[4]
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