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Balachandra will spearhead transformation initiatives across the company’s manufacturing units, with an emphasis on lean systems, process optimisation, and capability building.

Venkataraman—who has been with Flipkart since 2015—will remain with the organisation for a transitional period to ensure continuity.

Industry representatives describe it as a significant boost for emerging entrepreneurs in the garment export sector.

The price revision is expected to have an immediate impact on industries with high fuel consumption, particularly those dependent on captive power generation and continuous process operations, like apparel and textiles.

Industry sources indicate that the prices of key inputs such as polyester fibre and synthetic yarn—both derived from petroleum products—have increased significantly in recent weeks

The initiative will be implemented in collaboration with key stakeholders, including the Government of India, the Centre for Responsible Business and the Centre for Environmental Education.