Land degradation poses a considerable challenge to agricultural growth and povertyreduction in India. As per the experts about 44% of India's land area is degraded. Thecauses of land degradation are numerous and complex. Proximate factors include theextension of crop cultivation to marginal and low potential lands or to lands vulnerableto natural hazards improper crop rotations inadequate use of agricultural inputs andmismanagement of the irrigation system. Moreover "shifting cultivation"practised in many parts of the country is responsible for deforestation and the expansionof agriculture to less productive lands.
Understanding the major causes of land degradation is important for finding solutionto mitigate the problem. Various analysis on drivers of land degradation shows thatinjudicious use of chemical fertilisers and decreasing land-man ratio are importantreasons for increasing land degradation. At the household level the quality of thedrainage system as well as application of organic manure may significantly reduce soilerosion. Proper management of irrigation water will go a long way in controllingdegradation. If wastage of water is tackled it would help in reducing water logging andsalinity problems.
Creating awareness and ownership rights for cultivators are important steps in thechallenge of mitigating land degradation. The solution lies in introducing innovativeproducts and changing the agricultural behaviour of the farmers collectively.
Keeping its promise to pursue growth by strengthening own capabilities and innovatingin the best interest of farmers your company has expanded its manufacturing as well asresearch facilities to serve the farmers in the best possible way. Educating the farmer onthe latest technology and products remain its focus as always.
Your company has introduced a revolutionary organic product to answer the problem ofsoil degradation. It is going to be a positive contribution in the development of farmersand agriculture.
Your company is moving forward with a 12% growth in the top line reaching Rs.1107 Cr.in the year 2016-17. Forward thinking and integrated approach has helped us to increaseour profitability to Rs.58 Cr. (as against ?39 Cr. in 2015-16).
We have great faith in what we are doing and together we are looking forward to anexciting year ahead with newer opportunities and challenges. Your company shall continueto grow successfully. With the support of our customers vendors and channel partners andother important stake holders our will is to reach our goals with passion anddetermination.
I sincerely thank the entire ML team. Management and Board for their continued supportand look forward to an exciting FY 2017-18.