The Telegraph
Thursday , June 26 , 2014
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Bid to revive Saxby

(From left) S.K. Birla, Gautam Sengupta and Alok Mookherjea in Calcutta on Wednesday. A Telegraph picture

Calcutta, June 25: The Calcutta Business School (CBS), in association with the Indian Institute of Technology, Kharagpur, has taken up the role of turning around Westinghouse Saxby Farmer, a sick Bengal government undertaking.

The company, with over 600 workers on the rolls, makes couplings at its Canal South Road factory. The CBS faculty will provide management input, while IIT will give technology guidance to the company.

The mandate for these two institutions will not only be limited to just providing the revival recipe but also do the handholding to oversee the turnaround.

The institutions will work on a cost basis. They are not looking at making money out of the move. If successful, the faculties could be taking up work in a few more sick public sector undertakings.

S.K. Birla, chairman of CBS, said the institute believed that this revival of the manufacturing industry would be key to growth in the state and the country. This is one of the reasons why the institute took up the challenging job of reviving the state PSU, he said.

Gautam Sengupta, director of CBS, said the institute would provide consultancy to private companies as well on a fee basis.

Alok Mookherjea, chairman of the industry-institute collaboration board of CBS, said the effort would be beneficial for the students as they would be involved in consultancy work.

Birla said the focus of the institute would be to provide students enough exposure to the industry apart from developing their management skills.