AMBANIS GET INTO REVAMP TO RETAIN CUTTING EDGE
Article Abstract:
The Reliance group is to revamp its business to face the challenges of the next millennium. It also proposes to enter new business areas. By the year 2010, the Reliance group plans to shift from the present organisational structure of `central control' in policy and finance to individual business units with greater independence. These changes are expected to have a positive impact on group sales. Its target flowchart on the net sales value (NSV) shows $2.5 billion in 1997 to $10 billion by 2002 AD and $40 billion by 2010 AD. It also proposes to venture into petroleum, telecom, power, infrastructure and agro-tech. Now it is engaged in polyester, chemicals, petro-chemicals and textiles sectors. It also plans to become a `service' company when it enters healthcare and banking in 2010 AD. (uh)
Comment:
Plans to shift from central control policy & finance to individual business units with greater independence, by year 2010
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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CENTRE LOOKS AT Rs2,000 CRORE VRS FOR NTC
Article Abstract:
The Textile Ministry has recommended a Rs2,000 crore voluntary retirement scheme for the loss-making units of the National Textile Corporation (NTC). Of the 119 units of NTC, only 34 are found to be viable with possibility of revival. The government plans to implement a VRS scheme based on the Gujarat model. Under the scheme, a worker will get 25 days of pay for every year of service and 10 days of pay for the remaining years of his service in the company. The scheme if implemented, will help revive the 34 NTC mills. (gs)
Comment:
Textile Ministry recommends a Rs2,000 crore voluntary retirement scheme for the loss-making units of the company
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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