A good article in the Business Standard highlights the importance of risk management. I know of a chemical industry where the Chief of safety has been designated as "Chief Risk Officer". For a chemical manufacturing facility, apart from the financial and other risks, the risk to reputation and business continuity if an incident occurs is much higher. The article in the Business Standard mentions the following:
'Even Mukesh Ambani in a way is striving to protect his revenue streams by diversifying into homeland security. “If you want a safe Jamnagar, or a safe Mumbai, you might as well offer the best security solutions to the nation’s top cities and its energy assets. It’s also linked to strategic energy security,” says a senior RIL executive, who did not wish to be quoted."
Read the article in this link.
Contribute to the surviving victims of Bhopal by buying my book "Practical Process Safety Management"
'Even Mukesh Ambani in a way is striving to protect his revenue streams by diversifying into homeland security. “If you want a safe Jamnagar, or a safe Mumbai, you might as well offer the best security solutions to the nation’s top cities and its energy assets. It’s also linked to strategic energy security,” says a senior RIL executive, who did not wish to be quoted."
Read the article in this link.
Contribute to the surviving victims of Bhopal by buying my book "Practical Process Safety Management"
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