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From the Chairman
 

Having set up our Indian operations in the late 80’s, we have throughout stood at the forefront of technological and business excellence. The road traveled so far has been highly challenging, eventful and exciting. Be it the controlled and restricted business scenario then, we have maintained our leadership position even in today’s global economy. The challenges are still aplenty. From supply chain brilliance to delighting customers to exceeding our various stakeholder aspirations, the resilient team at Indo Rama is committed to all these and more.

The global slowdown of recent times impacted all sectors and all asset classes, throwing up unprecedented challenges for industries and businesses throughout the world. Textile and garment exports took a big hit, with the entire value chain of the industry being severely impacted. However, aiming for and achieving marked internal efficiency during this period has taken us to a different orbit altogether of how we approach and execute things, ready to take on whatever further challenges come our way.

With a strong domestic market there is recovery gaining ground in major European and other global markets. To couple it, there is a growing demand for Polyester, which is emerging as the alternative to Cotton fabric worldwide. Going ahead, I see a future filled with opportunity and hope. What gives me added hope of a brighter tomorrow is the performance of our Power business, which has been consistently adding to our bottom line.


With your continued support and cooperation, and that of all our employees, partners, bankers, and other associates, we remain committed to make the most of the future.



O. P. Lohia
Chairman and Managing Director

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