ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Speech of the Chairman Shri M R Ruia

Poysha Industrial Company Limited

Following is the text of the speech given by Shri M K Ruia at the Ninth Annual General Meeting of the Company held on 31st August 1966.

Following is the text of the speech given by Shri M K Ruia at the Ninth Annual General Meeting of the Company held on 31st August 1966.

The year under review was a period of economic and political uncertainty. We had a short war with Pakistan; we lost the wise and courageous leadership of Prime Minister Lai Bahadur Shastri by his tragic and unexpected death at a critical moment; and an adverse monsoon added to the acute anxiety already caused by food scarcity in certain parts of the country. The raw material situation also continued to be uncertain, and the duties levied by the Government led to tangible price increases which sometimes could not be wholly absorbed in the cost of the finished article.

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