Your Company has spent six decades weaving hope into the fabric of India. Indeed thehealthcare system is formed as a result of myriad threads woven together by stakeholders -all of whom share a common 'strand' of helping patients lead a better quality of life.
Towards this your Company is proud to have been an active participant in thecollective efforts of all stakeholders which have resulted in remarkable progress made inmany health indicators such as decreasing infant mortality and increasing life span.
Since there is a bi-directional relationship between the health of itspeople and economic development of a country typically 'healthy' people drive economicdevelopment (and vice-versa). With a population and an economy that are both growinghealthcare in India should be considered as an investment and not an expense.
Healthcare is a challenge that no organization or entity can tackle on its own. Andyet your Company has pioneered in many aspects of healthcare:
Your Company is proud to have a balanced portfolio in diabetes treatment. Diabetes is amajor non-communicable disease impacting millions of people.
A dedicated team has been working for several years with hospitals and institutionsproviding world-class medicines and services that are needed for very sick patients.
Your Company has a diversified portfolio in Cardio-metabolism Central Nervous SystemIntensive Care Consumer Healthcare Gastrointestinal Disorders Anti-infectives Bone& Joint Respiratory etc. Many of your Companys brands are leading in theirrespective categories - having gained the trust and confidence of physicians and patients.
Your Company manufactures almost 90% of medicines marketed in India - within India.This is in line with our Prime Ministers call to 'Make in India. Your Companyis proud to have developed an affordable high quality indigenous reusable insulininjection pen (AllStar ). This innovation resulted in your Company receiving worldwiderecognition for innovation and cost effectiveness.
Furthermore I am very pleased to report that your Company has delivered upon itscommitment to shareholders with a strong performance in very difficult times. You areaware of the two waves of price cuts imposed by the Government in the last two years. YourCompany has strived to deliver strong financial results despite such price cuts. The drugprices in our country are amongst the lowest in the world. The Government must protect andinsist on highest standards of quality in drugs manufactured in India and for that drugmanufacturers must have remunerative prices. Ease of doing business and predictability inpolicies are two fundamental expectations of our Industry and we are hopeful that theGovernment appreciates these very reasonable expectations.
Your Companys achievements go beyond financial numbers. Through these sixdecades your Company has had the privilege to bring smiles and happiness to generationsof patients and their loved ones with our quality medicines and services.
In this Diamond Jubilee year we celebrate our partnerships with all stakeholders whoshare our dreams and passions. We are proud of our heritage and unwavering commitmenttowards the people of India. We resolve to continue on our path of developing and makingavailable highest quality of medicines and services to the patients at affordable prices.We thank you for your trust and encouragement as we look forward to our role inresponsibly making India healthier and more productive.
On behalf of all our employees I take this opportunity to convey my warm greetings inthis special year and assure you of our commitment to build a great Company full of vigorand enthusiasm for the health well-being and prosperity of our people and our nation.