Gautam Hari Singhania, Chairman and Managing Director of Raymond Pvt Ltd with Labour Union Leader Jitendra Joshi; Maharashtra Labour Minister Hasan Mushrif and Shiv Sena MLA Pratap Sarnaik show the agreement after the announcement of Raymonds agreement with the labour union on development of mill land in Thane, Mumbai on Friday,22 October 2010. Textile giant Raymond announced the closure of its 85-year-old Thane factory while Labour Union receives 309-crores of compensation.
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