'MSMEs realisation of what Mahatma said about cottage industries

MSMES are truly the wings beneath our winds, said R S Manku, Chairman and Managing Director of Andrew Yule

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He was participating in the MSME Ease of Doing Business Initiatives organized by The Statesman in association with the State Bank of India at a city hotel this evening.

“50 per cent to 60 per cent of our procurement are from the MSMEs. We have 15 tea estates in Assam and north Bengal, units to manufacture industrial fans and transformers. We urge the owners of MSME units to join hands with Yule,” he said.

“What Gandhiji had said about the cottage industry has now come to be developed as MSMEs,” he remarked.

Recollecting the long association between Andrew Yule and The Statesman, he said at the time of Independence Yule was the owners of 57 companies and had a large share in The Statesman.