Jammu, Apr 23: Industries and Commerce Minister S S Slathia Saturday called for adopting innovative approach to fully revive JK Industries and make it profitable and commercially viable. Chairing 147th meeting of Board of Directors of J K Industries, the Minister asked its management to evolve efficient and visionary strategy in line with market trends and consumer interests to better the functioning of the corporation.  While deliberating on the revival plan of joinery mills at Bari Brahmana and Pampore, Slathia called for engaging consultants of national repute to chalk out pragmatic proposals for revival of these units, an official statement said.  It was given out in the meeting that Rs 3.60 crore has been earmarked for the revival of these units. Briefing the meeting, Managing Director, JK Industries, Muhammad Amin Bhat said the Corporation has brought 638 persons under the GHS/VRS involving Rs 50.24 crore.  “As many as 314 persons have been paid in full amounting to Rs. 23.41 crores,” he added.
 Bhat said pending claims of 135 persons, accounting for Rs 11.35 crore would be distributed shortly. He said the monthly wage bill of the Corporation has come down to Rs 8.35 crore from Rs 15.63 crore. He said efforts are underway to decrease it further which he said would go a long way in improving the financial health of the State. The Board expressed satisfaction over the consistent efforts of the management towards restoring pristine glory and vibrant functioning of the corporation. The management’s efforts for reposition of its premium brands in the market also earned appreciation in the meeting. 

Lastupdate on : Sat, 23 Apr 2011 21:30:00 Makkah time
Lastupdate on : Sat, 23 Apr 2011 18:30:00 GMT
Lastupdate on : Sun, 24 Apr 2011 00:00:00 IST