January 2016 \ News \ business and governance
First for NTC

The National Textile Corporation Limited (NTC Ltd) became the 51st Public Sector Undertaking (PSU) and 49th Central PSU to sign

  • The Secretary, Ministry of Textiles, Dr. S.K. Panda and the Central Vigilance Commissioner, Shri K.V. Chowdary witnessing the signing ceremony of a Memorandum of Understanding between National Textile Corporation Limited (NTC Ltd.) and Transparency International India (TII), in New Delhi on December 03, 2015

 A Memorandum of Understanding (MoU) with Transparency International India (TII) for adopting Integrity Pact (IP). The signing ceremony was attended by Shri K V Chowdary, Central Vigilance Commissioner; Dr. S. K Panda, Secretary, Textiles, and other senior officials from Ministry of Textiles.

Integrity Pact is a tool which ensures that all activities and transactions between a Company or Government Department and their Suppliers are handled in a fair, transparent and corruption-free manner. It prohibits any kind of bribing, favour or any other unethical practice, which is closely monitored by honorary Independent External Monitors (IEMs). 

Shri P C Vaish, Chairman and Managing Director, NTC Ltd signed the MoU on behalf of their organization and Shri P S Bawa, Chairman, Transparency International India signed on behalf of TII. With the approval of Central Vigilance Commission, Shri Kalyan Chand, Ex Director General, Taxes and Shri Ashok Kumar Tripathi, Ex-Member, Company Board have been appointed Independent External Monitors to oversee the implementation of Integrity Pact at NTC Ltd.

Tags: NTPC