The amalgamation is expected to result in multiple benefits, including simplification of the group’s corporate structure, optimal utilisation and pooling of resources, improved administrative efficiency, financial synergies and overall cost reductions.
Manufacturing News
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Planned on a cluster-based model, the apparel park will offer shared infrastructure and common services, enabling participating units to improve operational efficiency and productivity.
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BTMA President Shawkat Aziz Russell said the decision to close mills had been taken under compulsion, as mill owners were no longer in a position to service their bank liabilities under prevailing conditions
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Ghosh brings nearly 30 years of leadership experience in the textile industry, with a background in business transformation, operational excellence and innovation across large manufacturing operations.
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The Vice President reportedly assured that the concerns raised would be referred to the relevant ministries for early consideration and appropriate action.
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Manufacturing
Grasim Reshuffles Leadership in Cellulosic Fashion Yarn Business Amid Industry Headwinds
As part of the internal transition, leadership of the fashion yarn vertical has been combined with oversight of Grasim’s insulators business, a move aimed at driving greater synergies, streamlined decision-making and improved operational effectiveness.
