MESSAGE FROM MARIA
Deputy Chairwoman of the Supervisory Board and Partner, Schaeffler AG
Dear Chairman Mr. Gandhi,
I am very happy to learn that FAG India is commemorating the 50th anniversary of itsincorporation this year.
On this happy occasion, my son and I wish to convey our congratulations to the Board,shareholders, employees and business associates of FAG India. It is indeed due to theirdedicated efforts and commitment, that the organization has reached this significantmilestone in its history.
FAG with its long standing history has successfully earned the trust and confidence ofcustomers in India. Furthermore, its continued financial success and stability over thepast five decades has created a strong foundation for the companys futuredevelopment.
In the 21st century, as the centre of gravity of the global economy shifts to Asia,India with its strong fundamentals is well placed for a robust and inclusive growth. I amvery happy that with the investments currently under implementation at the Vadodara andSavli plants, FAG India has taken strong next steps to participate in Indias growthstory.
Rapid growth brings with it the challenge of sustainability. We at the Schaeffler Groupare convinced that the Indian market will increasingly demand products and solutions thatare not just affordable, but which are also efficient and ensure sustainability at thesame time. The recently concluded Auto Expo 2012 in New Delhi bears witness to this trendwhere Indian customers showed keen interest in the Schaeffler Groups EfficientFuture Mobility concept.
During the FAG India Board of Directors visit to the Schaeffler Group headquarter inGermany last year, you saw the immense innovation capabilities of the three Schaefflerbrands INA, LuK and FAG. In order to ensure that these capabilities are fully leveraged inthe Indian market, we will continue to guide and assist the Indian organization in itsefforts towards further development of local R&D and engineering capabilities.
It is our firm belief that organizational development and employee development areinseparable. The Schaeffler Group will encourage and support the Indian organization inits endeavor to enhance the personal development and well being of all our employees inIndia. FAG India continues to be an important member of the Schaeffler Group.
On behalf of my son and myself, I would like to convey our sincere appreciation to allat FAG India and would like to assure them all of our continued support in their currentand future endeavors.
With kind regards and all good wishes,