About Aurangabad Textiles & Apparel Parks Ltd
The National Textile Corporation Limited (NTC) is a Central Public Sector Enterprise
under the Ministry of Textiles. In pursuance to the GOM decision dated 22.08.2007;
NTC has formed a Joint venture with M/s Alok Industries Ltd. in which NTC is the
major shareholder with 5 out of 8 directors on the Board of JVC. And they have started
the activities in a big way at Aurangabad Textiles and Apparel Parks Ltd. (ATAPL)
for garmenting and work-wear.
Alok Industries Limited -- a Joint Venture partner is a new generation vertically
integrated textile company, having presence across the textile value chain from
Spinning, Weaving, Knitting, Processing, Made ups , Garments and finally into Retailing.
Alok’s versatile product range for apparel fabrics, home textile and readymade garments
provides integrated textile solution for many of the world’s leading brands and
retailers. With over two decades of experiences, Alok has earned a reputation of
being a supplier of quality products at international competitive prices and dependable
delivery schedules.
It was envisaged that ATAPL, a subsidiary of NTC Ltd (Central Government Undertaking)
to set up modern garments unit. The company has and proposes to install, latest
plant & machinery both imported and indigenous from the reputed suppliers, 262 machines,
with a view to expand up to 500 machines, for manufacturing of woven and knitted
garments with an installed capacity of 3.0 mn. pcs. p.a. The additional raw material
and utilities required for the project are available indigenously.
Chief Executive Officer (CEO) will head the company with strong team for marketing
and exports of garments to various regions of the globe under the guidance of Board
of Directors.
Company's Philosophy on Code of Corporate Governance
The Company firmly believes that Corporate Governance is very closely linked to
its core values and is associated with best practices, a fine blend of law, regulation
and voluntary practices with the overall objective of protecting the interests of
its stakeholders. The Company continues to focus on best practices in the area of
Corporate Governance with specific emphasis on ensuring accountability, transparency
integrity, ethical conduct and contributing towards the social and environmental
growth of the surroundings in which it operates.
CODE OF CONDUCT
A company's ethics will determine its reputation. Good business ethics are essential for the long-term success of an organization. Implementing an ethical program will foster a successful company culture and increase profitability, it will change lives.
A company's ethics will have an influence on all levels of business. It will influence all who interact with the company including customers, employees, suppliers, competitors, etc. All of these groups will have an effect on the way a company's ethics are developed. It is a two-way street; the influence goes both ways, which makes understanding ethics a very important part of doing business today. Ethics is very important, as news can now spread faster and farther than ever before.
Human Resource Development Policy
The Company’s Human Resource Development Policy seeks to enhance competitiveness
and skills of employees, with a view to harness full potential of human capital.
The policy also seeks to foster a culture of continuous learning and knowledge enhancement
of employees at all levels through training, competency mapping and career development
planning. The policy also seeks to ensure healthy work environment for all employees.