The Puducherry (India) Government has decided to restore the century old Anglo French Textiles (AFT) mill and two other textile mills, named Bharathi and Swadeshi mills in the region.
Closed since 2015, the mill had been facing losses, rapid decline of net worth of the company, and prevailing labour unrest because of non-payment of statutory dues to employees. The company had been facing financial crisis, short of cash even to meet its day-to-day operations. According to sources, the cost of production in AFT is six times higher than the production in actual competing industries. Also, most machineries in the AFT Mill are outdated.
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Credit rating agency ICRA was commissioned by the Government to conduct a rapid financial study of the techno-economic status of the Corporation and has submitted four options for revival and rehabilitation of the mill. The report by the agency includes options to mobilize funds for settlement of accumulated liabilities besides revival and restructuring of the units in AFT under Public Private Partnership (PPP) mode.
Bharat Tex Special Report 2026 
