Andrew Yule was a European ____.

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Detailed Solution

Andrew Yule was a European managing agency.
A substantial part of Indian businesses was under the authority of European managing agencies. Bird Heilgers & Co., Andrew Yule, and Jardine Skinner & Co. were three of the largest. These agencies raised funds and established and managed joint stock businesses. In India, the European management agency dominates industrial output. This company was only interested in particular types of products. They helped create tea and coffee plantations after obtaining land from the colonial administration at low prices. They put money into mining, indigo, and jute production. The majority of these items were intended for export. During World War I, these European agencies controlled the majority of Indian businesses. These organisations raised funds, formed joint-stock corporations, and administered them.

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