ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Diversification Obstructed

Diversification Obstructed Hansavivek GLAXO LABORATORIES (INDIA)'s efforts at diversification of its activities have met with obstacles. According to directors, onerous conditions regarding exports have been imposed by Central government in permitting association of company with Karnataka State Industrial Investment and Development Corporation in connection with a joint venture project for manufacture of products derived from maize starch. These conditions, directors feel, would render project non-viable. A representation has been made to government. Application for an industrial licence has received a negative response from government.

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