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Indo Pacific Projects Ltd.

BSE: 531565 Sector: Infrastructure
NSE: N.A. ISIN Code: INE077C01024
BSE 00:00 | 15 Jun 1.60 0
(0.00%)
OPEN

1.60

HIGH

1.60

LOW

1.60

NSE 05:30 | 01 Jan Indo Pacific Projects Ltd
OPEN 1.60
PREVIOUS CLOSE 1.60
VOLUME 1
52-Week high 1.64
52-Week low 1.54
P/E
Mkt Cap.(Rs cr) 16
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1.60
CLOSE 1.60
VOLUME 1
52-Week high 1.64
52-Week low 1.54
P/E
Mkt Cap.(Rs cr) 16
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Indo Pacific Projects Ltd. (INDOPACIFICPRO) - Chairman Speech

Company chairman speech

CHAIRMAN'S WELCOME

Dear shareholders

Global economic growth in 2016-17 was stable; while India's macroeconomic performancewas robust. As far as real estate industry is concerned the overall performance continuedto be subdued — housing prices rents and offtake of housing loans continued to besluggish during the year particularly post demonetisation. The big change is expected onaccount of GST which willneed some changes in our internal processes to ensure smoothandeffective adoption. On an overall basis we believe that GSTwill lead to increasedtransparency across the supply chain andminimise leakages and double taxation for yourCompany. Theseare creditable achievements and with increased Governmentspending oninfrastructure and improved liquidity due to loweringinterest rates I expect themacroeconomic environment toimprove in FY2018.

The Company's strength lies in its ability to provide end to end comprehensive range oftechnical services for infrastructure development. It has vast experience in the realestate industry. The company has expert technical personnel. The successful past businesstrack record will help the Company in future projects.

The lack of significant growth in corporate investments has had an unfortunatefall-out. New job creation has also been slower than the number of young adults joiningthe work force. But there is a silver lining jobs are still being created in theservices sector that coupled with Government expenditure on core infrastructure andinitiatives such as ‘Make in India' are giving the required impetus to urbanisationwhich augurs well for your Company and the real estate industry in the long term.

Finally I am hopeful for the success of your Company in the coming years. I would liketo take this opportunity to thank all our employees our customers and businessassociates. I am thankful to my shareholders for their continued support and faith.

With best regards

NANDKUMAR HARCHANDANI

CHAIRMAN

INDO PACIFIC PROJECTS LIMITED