The managing director of a Leicestershire firm is heading to the House of Lords today to promote diversity in business.
Arnab Dutt, managing director of Texane, will speak at a summit imploring key figures from Government to be more inclusive of minority ethnic firms in procurement in both the public and private sector.
“70 per cent of ethnic minority businesses are still here after five years,” explains Arnab Dutt, “and they grow 20 per cent faster than other small firms. Tapping into that entrepreneurial energy and success mindset is not just paying lip service to Corporate Social Responsibility. It’s adding value to your business.”
The summit is organised by Minority Supplier Development UK (MSDUK) and will offer policy recommendations to make public sector procurement more diverse across the country.
Despite an aspirational target set by Government for 25% of all public sector contracts to go out to SMEs like Texane, there is currently no emphasis on ensuring these targets are inclusive.
Texane, which manufactures super tough polyurethane wheels found on many of the escalators and travelators across the world, was bought by Arnab Dutt and was brought back from the brink of administration.
Based in Market Harborough, Leicestershire, Texane now supplies its super tough wheels to iconic subways and metros around the world, including New York, Washington and London.
