options chain Management discussions

OUTLOOK

India has access to several natural resources that provides it a competitive advantage in the food processing sector. Due to its diverse agro-climatic conditions, it has a wide-ranging and large raw material base suitable for food processing industries.

The overall outlook for the Indian economy remains positive: We expect investments to see a turnaround and thrust the economy into sustainable growth. India will likely to grow at a moderate pace in FY 2023-24, as the global economy continues to struggle. Growth in the next year will likely pick up as investments kickstart the virtuous circle of job creation, income, productivity, demand, and exports supported by favorable demographics in the medium term.

It looks like the world has come out of the shadow of the pandemic and has, in fact, learned to live with it. However, geopolitical crises, supply chain reorientations, global inflation, and tight monetary policy conditions will weigh on the outlook.

INDIAN ECONOMY AND INDUSTRY AT A GLANCE

Despite challenges in the global environment, India has emerged as the fastest-growing major economy in the world and is expected to be one of the top three economic powers in the world over the next 10-15 years, backed by its robust democracy and strong partnerships. The Governments strong infrastructure push under the Prime Ministers Gati Shakti initiative, logistics development, and industrial corridor development will contribute significantly to raising industrial competitiveness and boosting future growth.

PRODUCTION AND COST DEVELOPMENTS

During the year under review, the company has seen improvement in capacity utilization as well reducing cost through better synergy between sales and logistics. Your company has seen considerable increased in its market share in the state of Mizoram. Company has also retained leadership position in the bakery and high quality flour segment in Barak valley. Company is seeing good progress in the supply chain and logistics bringing overall cost effectiveness

We have added a few pick up fleet for door to door delivery in the Silchar market. Once the modernization of the Mill at Silchar is completed in the FY 2023-24, benefits of lower electric consumption, better quality of finished product will follow.

OPPORTUNITIES AND THREATS

Driven by the high-value processing of various agricultural products, increased urbanization, rising disposable incomes, the rise of nuclear families, and the demand for convenient food, Indias food processing industry is expected to reach a staggering position.

The food processing sector in India presents both challenges and opportunities for the country. Some of the key challenges facing the sector include inefficient supply chain management, a lack of adequate infrastructure poor quality control, and limited access to finance, particularly for small and medium enterprises.

FORWARD LOOKING AND CAUTIONARY STATEMENT

Statements in this report describing the Companys objectives, expectations, or predictions, may be forward looking within the meaning of applicable securities laws and regulations. Actual results may differ materially from those expressed in the statement. Important factors that could influence the Companys operations include global and domestic demand and supply conditions affecting selling prices of finished goods, input availability and prices, changes in Government regulations, tax laws, economic developments within the country and other incidental factors. The Company assumes no responsibility to publicly amend, modify or revise any forward-looking statements, on the basis, of any subsequent developments, events, or information.

	For and on behalf of the Board
	Mahabir Prasad Jain
Date: 30th May, 2023	Managing Director
Place: Silchar	DIN:00498001