It gives me immense pleasure in addressing this communication to you particularlyconsidering the fact that the financial year 2016-17 in a way is a land mark year for yourcompany considering the fact that your Company has surpassed the sales figure of Rs. 74.98Cr and also considering the fact that we are being considered as Serious Long Term Playerin the national market of Agro Chemicals.
Crop protection is not just about crop protection chemicals to manage pests we musthave holistic environmentally safe "crop protection & crop healthsolutions" for overall wellbeing of Indian agriculture and millions of our farmers.Continuously shrinking arable land slow pace of improvement in farm productivity andloss/ wastage of crops both during and post-harvest poses a critical challenge to ensuringfood and nutritional security for the nation. To add to the complexity the agricultureworkforce in India is expected to reduce by 50% in the coming decade due to betterremuneration and growth opportunities in other sectors.
It is imperative that to meet the needs and overcome the challenges the focus needs tobe on raising the agriculture production and enhancing productivity across the value chainsimultaneously. A combination of Crop protection and Crop enhancement solutions will becritical in achieving the above mentioned objectives viz. Protecting the produce duringand post- harvest and enhancing productivity. There are various initiatives taken by theGovernment of India which could bring an improvement in the lives of the farmers.
Let me share with you certain important developments which I feel are strategic interms of charting the course of the future growth trajectory of your Company. Thus firstand foremost your Company has continued its strong march of further consolidating itsposition as leading quality supplier of high quality agro chemicals country wide with ourpresence being in eight states in brand products and in other states in bulk formulations.
However more heartening is the fact that the endeavour that we began in the marketingand production since long has now gathered momentum and in the years to come this will bea growth booster on sustained basis. Today your company is servicing to other well-knownagrochemicals companies in domestic and international market. Several new opportunitiesare under development. Thus the medium to long term growth prospects are indeed bright.
What sets us apart is the incessant focus on quality and our commitment to serve ourcustomers with the products that match international standards. We strive to provideproducts that meet various farming requirements. Focus on the new products and businesseswhich have high assets turn and better ROC and should generate the free cash flow for itsgrov/th. Even in future also our strategy will be to focus on new products and businesswhich will be generate free cash flows for company and high returns for our shareholders.
Ishwarbhai B. Patel