It is a matter of pride to share that we continue to remain the largest leatherouterwear company in the world. We partner most of the premium to luxury brands in thissegment. Focus on Design and Product gives us a great advantage in capturing more and moremarket share. While we continue to grow in this segment our focus in the next years is togrow the other verticals of textile outerwear accessories and textile apparel To be apartner of choice for global brands in Apparel and Accessories.

Another area of focus currently is to further enhance manufacturing excellence andefficiencies in our units. Typically large scale manufacturing units in South East Asiancountries like China Vietnam Indonesia have been much ahead of Indian manufacturing.

We are creating new teams and investing in technology. The goal is to be at par withthe best

One of the newer challenges in the global supply chain of fashion industry is speed tomarket. With communication revolution trends change very fast. Your company has alsodeveloped a vertically integrated structure of market research design manufacturing andraw material supply chain to be able to meet this challenge. Global retailers and brandsappreciate this strength and are developing long-term partnerships with us.

The area of sustainability is no longer a choice. Brands are becoming more and moreconscious of the necessity of saving natural resources and reducing negative impact on theenvironment; end consumers want a cleaner and better world for future generations.Consequently the world players in fashion industry have embarked on a journey to achieveproduct sustainability with 2020 being phase one of this transformation. As a responsiblepartner we have taken initiatives towards sustainable manufacturing methods utilizationof recycled/sustainable fabrics energy conservation and a safer environment for all.

Development of Human Resource has been our mainstay. We continue to invest in buildingstrong teams and leadership to make Bhartiya an organization of choice.

I would like to thank all stakeholders for their continued support.

- Snehdeep Aggarwal -