European Managing Agency - Andrew Yule

Introduction:
During the colonial period, India was under the British rule. The British had a policy of exploiting India's resources for their own benefit. They set up various industries in India to extract raw materials and send them to Britain for processing. To manage these industries and to ensure the smooth flow of resources, they set up managing agencies.

European Managing Agencies:
European managing agencies were companies set up by Europeans to manage industries in India. They were responsible for the smooth functioning of the industries, from production to export. They also ensured that the raw materials were transported to Britain without any hindrance.

Andrew Yule:
Andrew Yule was a European managing agency that was set up in India during the colonial period. It was set up in 1863 by Andrew Yule, a Scottish businessman. The company was primarily involved in the jute industry. It managed several jute mills in India, including the Victoria Jute Mill in West Bengal.

Role of Andrew Yule:
Andrew Yule played an important role in the development of the jute industry in India. It introduced new technology and techniques to improve the quality of jute produced in India. It also played a crucial role in the export of jute to Britain.

Conclusion:
The European managing agencies were set up by the British to exploit India's resources. Andrew Yule was one such agency that managed the jute industry in India. Although it played a crucial role in the development of the industry, it cannot be denied that its primary aim was to benefit the British.