India is the largest democracy in the world. It is a moment of pridethat we have entered into our 75th year of independence. In 2014 India was the11th largest economy in the world. Today it is 6th behind the USChina Japan Germany and the UK. It took us nearly 60 years after independence to achieveUSD 1 Tn mark and now we are on track to become a USD 5 Tn economy in a few years. Soonwe will have the largest productive workforce in the world. Even in the past India hasalways had the skills but today we have started focusing on self-reliance which has ledto selfconfidence in our country's ability.
So Atmanirbharta (self-reliance) is the best asset of our country.
'Make in India' selling globally is a real thing today. Manufacturingis the engine of growth. The world is looking at Indian manufacturers to supply. In 2000Indian manufacturing constituted 15 percent to India's GDP and at present is 17.4percent. In the next few years Indian Manufacturing sector has the potential to reach USD1 Tn ~20 percent of GDP. Domestic manufacturing units have played a key role in improvingtheir quality of operations and scaling to make products made in India compete and standout globally. Global customers are looking to move their global supply chains to trustednations and trusted partners. our costs have become very competitive. Public and privatespending on infrastructure will further boost growth in India.
2021-22 was a successful and eventful year at Vishnu Chemicals as wecrossed an important milestone of Rs 1000 Cr sales. It is even more satisfying that wedelivered good growth in both Indian and International markets. our performance is anoutcome of simple yet effective changes made over the years. First of all we decided tointegrate our processes as much as possible while maintaining a transparentwell-organised and well-controlled manufacturing line. Secondly we focused on thebusiness as a whole not only the production assets but also the logistics sales andtalent development.
Manufacturing is our core focus. The chemistry we operate is anessential engine for change and innovation.
We epitomise manufacturing of unique range of speciality chemicals andhave evolved as a global name to recon with. We have established long-standingrelationships with our customers as they trust us for our quality offerings.
We are committed to promoting a positive culture supported by our corevalues. These values define the way we do business globally treat our stakeholders andset the leadership behaviours that are embedded in our culture. We are committed to makinga positive contribution to the society acting with integrity for the benefit of all ourstakeholders.
We are committed towards building sustainable and environment-friendlybusiness practices in our day-to-day operations.
People are at the heart of our business and we are proud of ourcolleagues who went above and beyond rising to every challenge in the most exceptionalcircumstances. Their health safety and well-being have been and continue to be a toppriority for us. As we uphold our commitment to fostering an inclusive culture withvalues that support our promises to our people our stakeholders and our planet werecognise our duty to act sustainably to leverage our enhanced scale and capabilities.Together we are well- positioned to seize the unbelievable opportunities ahead of us anddeliver sustainable growth for years to come.
Finally our performance would not have been possible without theenduring trust of our customers suppliers bankers regulators and shareholders. onbehalf of the Board I remain very grateful for your ongoing support and hope to continueon our journey for years to come.
Mr. Ch. Krishna Murthy Chairman & Managing Director