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.
World over, polyester has established its supremacy over other manmade fibres (MMFs) even as MMFs have been offering tough competition to cotton in meeting the raw material requirements of the industry. Global demand for polyester is so strong in the world that over the next 10 years it can be expected to reach 70 million tonnes from about 35 million tonnes at present.
The global economic turbulence of recent times has 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.
Indo Rama will continue to have competitive advantage based on low cost position, scale, integrated operations and presence in large and growing global markets. At Indo Rama, our strategic focus revolves around consistent value creation through innovation and research, cost optimization and market expansion, integration, product mix value addition and quality certification and superior technology.
Going ahead, we see a future filled with opportunity and hope. We remain buoyant on the prospects of the Polyester business with newer and increased applications of the fibre taking place globally.
With the continued support and cooperation of our long standing customers, our employees, partners, bankers, and other associates, we remain committed to make the most of the future and our efforts should get reflected in a significantly superior financial and market performance over the coming years.
O. P. Lohia
Chairman and Managing Director