Honouring the Man Who Changed the Face of MSMEs

Manufacturers, industrialists and entrepreneurs from the metropolis will gather at the Industrial Estate Manufacturers Association premises in Guindy on Monday to unveil a bust of one of India’s most respected Presidents and the erstwhile founder of the Guindy industrial estate, R Venkatraman.

Published: 17th February 2014 07:38 AM  |   Last Updated: 17th February 2014 07:55 AM   |  A+A-

R-Venkatraman

Manufacturers, industrialists and entrepreneurs from the metropolis will gather at the Industrial Estate Manufacturers Association premises in Guindy on Monday to unveil a bust of one of India’s most respected Presidents and the erstwhile founder of the Guindy industrial estate, R Venkatraman.

The bust will pay tribute to the lawyer-turned-freedom fighter-turned parliamentarian, who is remembered for the impact he had on creating and nurturing the Micro, Medium and Small industry sector. Born in Thanjavur district, when the first decade of the 20th century was drawing to a close, R Venkatraman was the son of a notable local lawyer. Eschewing the prestige and respect that came with a career in the British Raj, Venkatraman, already affectionately referred to as RV, plunged headlong into the fight for Independence during the tumultuous years of India’s freedom struggle.

Elected to the parliament in 1950, he had a long tenure as a member of both the State and Union cabinets, even serving as Finance Minister during Indira Gandhi’s rule from 1980-82. He greatly emphasised the importance of technology and industry during his term as a minister — an emphasis which eventually led to the establishment of industrial estates all over the country, including those at Guindy and Ambattur.

K V Kanakambaram, president of the IEMA, concurs on the impact RV had on industry in the country, especially MSMEs. “He was a true friend, philosopher and guide to this sector. He not only helped in the industrialisation of the country, but helped to solve the rampant unemployment that plagued us then. The bust is a sign of the gratitude the sector has for him,” he said.

(The bust will be unveiled at the IEMA premises on GST road in Guindy at 6 pm on Monday)

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