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

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SESHASAYEE PAPER-Modernisation Plan

effluent control systems, Ion Exchange India (IEIL), was established in 1964 as a subsidiary of Permutit. a UK-based water treatment company. However, Permutit divested its holdings in 1985 and IEIL lost its FERA status with the employees, benefit trusts and various government and financial institutions holding over 50 per cent of the equity. Over the past one decade, the company's turnover has gone up from a modest averaging an annual growth rate of 14.3

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