It gives me immense pleasure to greet you all on the 30^ year of our journey towardsexcellence and sustained leadership. On this momentous occasion we reaffirm ourcommitment of creating sustainable value for all our stakeholders including shareholderscustomers banks employees and the society at large.
2016 was another year of meaningful progress against our objective of being again oneof the best textile Company in the world.
We're happy with the progress we made in 2016 to strengthen the Company in a verychallenging global economy. We are in the midst of transforming how we operate around theworld and we will continue to invest in strategies which will take the company to thepath of sustained and profitable growth despite the sluggish global economic recovery
Our strategies of upgrading products expanding distribution capitalizing on ourglobal footprint and making our operations more efficient are working. Looking ahead to2017 we will need to work even harder to execute these strategies in the face ofuncertain economic conditions confronting our business.
Growth of the Company is related with the growth of the Employees ShareholdersConsumers and the societies who are associated with the Company; hence our main focus ison the growth of all our Stakeholders which is in conjunction with the growth of theCompany
I want to thank our Board of Directors for their invaluable strategic counsel. I alsowant to thank our valued Customers our Bankers and all the Stakeholders for theircontinuing engagement in the evolution of our business. Finally I want to recognize ourincredible employees who showed great courage stamina and dedication during a verydifficult year.
As I look ahead I strongly believe that the best is yet to come.
Mr. Yamunadutt A. Agrawal