Gautam Hari Singhania, Chairman and Managing Director of Raymond Pvt Ltd shakes hand with Labour Union Leader Jitendra Joshi while Maharashtra Labour Minister Hasan Mushrif and Shiv Sena MLA Pratap Sarnaik look on during 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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