What we achieved in the area of Vitamin D in the last decade is what we seek to achievein the nutraceuticals space across the next ten years.
The time has come to add a prefix: the word fortified'.
The increasing relevance of this word is derived from the fact that the world faces alarge economic burden arising from malnutrition. India is ranked an alarming 102 out of117 countries in the Global Hunger Index (GHI) a reflection of chronic and acuteundernutrition. Malnutrition is the most common cause of immunodeficiency withmicronutrient deficiency and protein-energy malnutrition being at the core of thechallenge.
The trinity of dietary diversification food fortification and supplementation arerequired for overcoming micronutrient deficiency. Fermenta's products enjoy extensiveapplications across supplementation and fortification which play a large health role.Fortification of staple foods is being widely acknowledged as one of the most effectiveways for combating micronutrient deficiency across age groups. The addition ofmicronutrient premix to food to enhance the nutritional quality is a scientificallyproven cost-effective scalable and sustainable solution. In the last few years therehas been a greater impetus to the fortification movement. Forward-looking governments arerecognising that the cost of proactive food fortification is but a fraction of the costarising out of reactive remedial action which could include the cost of medicines andhospitalisation. Following discipline to make this happen. We are competently placed toprovide the complete basket of products (either manufactured within or outsourced) thatmakes a single-point solution provider. What we have going for our business case is thatwe are prudently borrowing we have a widening global presence through subsidiaries ourmanufacturing discipline has been validated by demanding global customers andcertifications and we have demonstrated the capacity to build and sustain eco-systemrelationships across the long-term.
The result is that we are not just engaged in growing our business from quarter toquarter; we are engaged in capitalising on a structural shift with a fundamental change inthe way we see our business across the coming decade. We expect to address this sizableopportunity with a prudent mix of debt and internal accruals which are intended toenhance value in the hands of all those who own shares in our Company.