JOIN USMysore Sales International Limited (MSIL) celebrated 50 years of its existence on Thursday by launching a range of new products such as MSIL-Sand, beauty soaps, drinking water and cosmetics.
Chief Minister Siddaramaiah participated in the golden jubilee celebrations held at the Lalit Ashok Hotel on Kumara Krupa road.
He appreciated the MSIL, saying, “Public sector companies are usually loss-making. MSIL stands as an exception to this. It is admirable that the company has been able to stand up to the tough competition in the market and has also retained the trust of its customers.”
He said that there was a proposal for MSIL to open 174 medical stores across the state where essential drugs will
be provided at affordable prices. He said that this was to prevent customers from being overcharged by pharmacies.
The company’s new venture ‘MSIL-Sand’ was also unveiled at the ceremony. Large Scale Industries Minister R V Deshpande said, “Despite several stringent measures taken by the state government, a solution has not been found for stopping illegal sand-mining. Therefore, MSIL has been assigned with the task of importing sand and supplying it in the state.”
G C Prakash, managing director of MSIL, said that global tenders have been floated to import sand from countries like Myanmar, Cambodia, Philippines and Malaysia. He said that the state produces 50 lakh tonnes of sand as against the demand of five crore tonnes.
MSIL launched several new products such as bottled drinking water, beauty soaps, stationery kits, liquid handwash and cosmetics, at the event.