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Alfavision Overseas Ltd.

BSE: 531156 Sector: Others
NSE: N.A. ISIN Code: INE883B01019
BSE 00:00 | 03 Mar 40.10 0
(0.00%)
OPEN

40.10

HIGH

40.10

LOW

40.10

NSE 05:30 | 01 Jan Alfavision Overseas Ltd
OPEN 40.10
PREVIOUS CLOSE 40.10
VOLUME 300
52-Week high 44.10
52-Week low 24.30
P/E
Mkt Cap.(Rs cr) 13
Buy Price 40.10
Buy Qty 200.00
Sell Price 41.50
Sell Qty 295.00
OPEN 40.10
CLOSE 40.10
VOLUME 300
52-Week high 44.10
52-Week low 24.30
P/E
Mkt Cap.(Rs cr) 13
Buy Price 40.10
Buy Qty 200.00
Sell Price 41.50
Sell Qty 295.00

Alfavision Overseas Ltd. (ALFAVISIONOVERS) - Chairman Speech

Company chairman speech

It is my honour and privilege to interact with you as the Chairman of the Board atAlfavision overseas (India) Limited.

I am happy to inform you that the textile industry is showing the signs of recoveryafter going through an unprecedented tough time due to demonetization rollout of GSTrupee appreciation and uncompetitive market situation. As per RBI Financial StabilityReport – June 2018 the stressed advance ratio of textile sub-sector has improved inMarch 2018 from the levels of September 2017. Report by RBI states that textile sector hasreported a high transmission of stress to the banking sector. However we expect recoveryowing to rupee depreciation picking up of domestic demand and progressive policies of theGovernment.

Our Company is engaged in the business of Cotton Trading and cultivation and herbalmedicine this industry is growing day by day. Also the cotton industry has been showingsigns of increasing production and the long term outlook and growth prospects of theindustry are also encouraging. The company expects that specialization in Cotton Yarn willprovide further opportunities to increase the customer base. But as per the recordsavailable it has been noticed that as an industry cotton yarn's production in India hasbeen decreasing from the financial year 1995-1996 up to 2003-2004. After last year'srecord cotton production the U.S is forecast at the second highest production on recordat 22.7 while India's cotton production forecast is equal to last year's record: Thus thecompany looks forward to increase the capacity utilization. The planting period of cottonnormally is from March to September while the harvesting period is from October toFebruary. There are mainly three cotton-producing zones in India Northern zone (Hirsutumand Arboreum Zones) comprising Punjab Haryana and Rajasthan.

Central Zone (Hirsutum Arboreum Herbaceum and Hybrid Zones) comprisingMaharashtra Madhya Pradesh and Gujarat.

Southern zone (Hirsutum Arboreum Herbaceum Barbadense and Hybrid Zones) comprisingAndhra Pradesh Karnataka and Tamil Nadu

The major points discussed during the meeting included industry requirements fibers;of natural requirements of cotton (quality & quantity) that industry imports;suggestions to improve export of natural fibers; measures to reduce cotton contaminationspurious seeds; steps to improve production and yield of cotton especially Extra LongStaple (ELS) variety; creation of Indian brand of cotton; etc.

Vishnu Prasad Goyal

Chairman

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