Asian Paints plans to end all dispute at Mysuru paint plant

18 Jan 2021 Evaluate

Honoring its commitment to the communities, Asian Paints is planning to end all dispute at their Mysuru paint plant by setting up an additional facility for any alternate product manufacturing on the same plot for the land sellers. With tremendous respect for the land sellers and the Government of Karnataka, Asian Paints is acting beyond the lines of the terms and conditions agreed upon initially.

The company was in continuous talks with the Government of Karnataka and had offered few additional proposals regarding the employment of land sellers. The Government has now accepted the proposal and the land sellers have also given their nod for employment in a separate set up within the plot. The employment offered shall commensurate with the skill sets and qualification of the land sellers. In addition to the above proposal, Asian Paints will also provide training to the eligible land sellers for a period of six months along with a suitable stipend.

Asian Paints is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home decor, bath fittings and providing of related services. The Company's business segments are Paints and Home Improvement.

Asian Paints Share Price

2846.00 15.95 (0.56%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Asian Paints 2846.00
Berger Paints India 571.65
Kansai Nerolac Paint 262.25
Akzo Nobel India 2395.10
Indigo Paints 1256.10
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.