Bengaluru: Karnataka Minister for Large and Medium Industries M.B. Patil on Monday chaired a board meeting of the State-owned Mysore Paints and Varnish Limited (MPVL) to discuss the strategies needed to be adopted to increase its production capacity and financial turnover and added that the aim is to develop ‘Mysore Paints’ as a brand to enable it to compete with private players.
Speaking after the meeting, the Minister in a statement said that the enterprise which is one of the prestigious factories set up during the Mysore Maharaja’s regime currently has an annual turnover of around Rs. 34 crore to Rs. 35 crore. However, now, there is a requirement for indelible ink due to the upcoming Lok Sabha elections and the turnover this year is expected to touch Rs. 77 crore, he added.
