Shree Krishna Infrastructure Ltd firmly believes that good Corporate Governance results
in regulation of the affairs of your Company in a most transparent, ethical and
accountable manner. Adherence to Corporate Governance ensures greater level of
transparency and accountability, fairness in operations, full disclosure, integrity and
compliance of laws.
The Company follows all the rules and regulations of the exchange and regulatory.
Business continuity plans: The Company activated business continuity plans to
respond effectively to the constantly evolving situation. Response plans were developed
and continually monitored to protect the health and long-term sustainability of the
company.
GLOBAL ECONOMIC OVERVIEW
Our latest forecasts indicate a sharp, long-lasting slowdown, with global growth
declining to 1.7 percent in 2023 from 3.0 percent expected just six months ago. Investment
growth in emerging market and developing economies is predicted to remain below its
average rate of the past two decades. Any additional adverse shocks could push the global
economy into recession. Small states are especially vulnerable to such shocks because of
their reliance on external trade and financing, limited diversification, elevated debt,
and susceptibility to natural disasters. Immediate policy action is needed to bolster
growth and investment, including redirecting existing spending, such as agricultural and
fuel subsidies.
The deterioration is broad-based: in virtually all regions of the world. Median income
levels, moreover, are being eroded significantly—by inflation, currency depreciation
and under-investment in people and the private sector. This leaves no room for fiscal
support at a time when people are still suffering from COVID-related setbacks in health,
education and nutrition. The output decline during the pandemic. Recoveries are expected
to be weak, with large and persistent reductions in the level of output.
INDIA ECONOMY:
Indias economy grew faster during the first half of FY2022-23 than other economies,
driven by strong demand and investment. Inflationary pressures have been moderating since
October, with CPI inflation tempering to an eleven-month low in November. As we head into
2023, global economic developments are expected to complicate the outlook further, and
therefore continued vigilance is a critical aspect in maintaining Indias external
resilience. Going forward, India needs to focus on medium-term challenges such as securing
technology and resources for energy transition. With continuous efforts during the last
several years, a strong platform has been erected on which the superstructure of a
middle-income economy can be constructed.
India has identified several points which shall be prioritized for its G20 presidency,
these include inclusive, equitable, and sustainable growth; LiFE (lifestyle for the
environment); womens empowerment; digital public infrastructure and tech-enabled
development in health, agriculture, education, commerce, skill-mapping, and culture and
tourism; climate financing; circular economy; global food security; energy security; green
hydrogen; disaster risk reduction and resilience; developmental cooperation; fight against
economic crimes; and multilateral reforms.
The government ramped up public investment in infrastructure to prepare the ground for
the private sector to invest, hire and prosper. It records the wide-ranging structural
reforms and governance improvements that the government has undertaken since 2014. Bank
credit to industry has picked up momentum, particularly for micro, small and medium
enterprises. Among other things, the pandemic had caused a shift in the attitude towards
supply chains from efficiency to security and from ‘just in timeto ‘just in
case. Supply chains are being reconfigured.
Finally, the growth and evolution of Indias public digital infrastructure is a story
not just of numbers and milestones but also of thoughtful regulatory and innovation
architecture that have enabled it to retain its public good character with enough
incentives for the private sector to innovate and invest. Infrastructure in between the
period of 2019-23 to promote sustainable development in the country. This depicts the
upward trajectory of the Indian infrastructure space which is on the rise. Also, with
Covid-19 restrictions been removed, the infrastructure work has progressed, The economy
boost is only possible with the infra development at the forefront.
India witnessed a substantial spike in demand for electronic products in the last few
years; The Indian electronics system design and manufacturing sector is one of the fastest
growing sectors in the economy and is witnessing a strong expansion. EV one-stop solution
to many problems in India.
FUTURE OUTLOOK
Electric Vehicles are a boon to India in the sense of Economy development and
Environment Concerns. Moreover, in the upcoming generations, Company will be moving
forward to overpower the Electric Vehicles.
We also expect a positive impact on the economy, including the real estate sector. Even
though there were limited announcements for the real estate sector, there are likely to be
indirect benefits.
OPPORTUNITIES AND THREATS
Infrastructure sector is a key driver for the Indian economy. The sector is highly
responsible for propelling Indias overall development and enjoys intense focus from
Government for initiating policies that would ensure time-bound creation of world class
infrastructure in the country. In order to meet Indias aim of reaching a US$ 5 trillion
economy by 2025, infrastructure development is the need of the hour. The government has
given a massive push to the infrastructure sector by allocating Rs. 10 lakh crore) to
enhance the infrastructure sector. India being a developing nation is set to take full
advantage of the opportunity for the expansion of the infrastructure sector, and it is
reasonable to conclude that Indias infrastructure has a bright future ahead of it.
Electric Vehicles are growing rapidly as they play a central role in the ambitious
objective of zero emission targets set by nations around the world. EV sales have been
growing steadily over the past few years. The segment started to see a wide range of
offerings from the manufacturers like more affordable models, various choices across
different brands and in different segments, enabling rise in sales. The prospect of EV
adoption is getting brighter, driven by a combination of factors of policy support,
improvements in battery technologies, more charging infrastructure being built, and rising
commitments from automakers. Major Government initiatives such as ‘Digital India,
‘Make in India and supportive policies including favorable FDI Policy for
electronics manufacturing have simplified the process of setting up manufacturing units in
India.
Key Initiatives:
The company has decided to launch the platform for the purchase and sale of Second Hand
EV Vehicles in the upcoming year and soon will get tie up with multiple manufacturers in
order to run OEM products in the state of Gujarat, Rajasthan, Uttar Pradesh, Delhi &
Maharashtra in the next year.
Challenges, Risk, Concern
Risks and threats can be forerunners to crisis situations for companies and
organizations. The biggest and most obvious threat to companies and organizations in 2023
is the global rise of inflation and subsequent economic downturn. While profiting during a
period of high inflation isnt completely impossible. Though, the Indian automotive market
has been impacted by the outbreak of the COVID-19 pandemic due to supply chain disruptions
and halt of manufacturing units due to continuous lockdowns and travel restrictions across
the country coupled with the financial crunch faced by consumers.
EV start-ups working extensively on electric vehicles. However, this increase still
amounts to less than 1 percent of the sales. Hence the potential for growth remains
immense. But then, the companies and the industry have to overcome some obstacles to
capitalize on the market entirely. The EV customers are often worried about the vehicles
capability to reach the destination before the battery dies out and the absence of
charging infrastructure. The EV industrys biggest challenge is vehicle purchase cost and
EV maintenance is one of the major causes of this challenge. Battery issues, climate
control, and in-car electronics are among the biggest problems in electric vehicles
INTERNAL CONTROL
The Company has an adequate internal control system commensurate with its size and the
nature of its business in order to achieve efficiency in operation and optimum utilization
of resources. The Companys internal control systems comprises policies and procedures
designed to ensure sound management of its operations, safekeeping of its assets, optimal
utilisation of resources, reliability of its financial information, and compliance.
Internal audits are conducted in the Company on regular basis.
HUMAN RESOURCE/INDUSTRIAL RELATIONS:
Human resources are the Companys most valuable asset. The Company invests in its
employees through education and training programmes, with an emphasis on improving
production quality and level. The Company has always prioritised individual and team
development. With regards to human resources, the business key focus is on creating
ambitious prospects for personal and professional progress through training and ample
career advancement assignments. The Management and the employees are dedicated to achieve
the corporate objectives.
CAUTIONARY STATEMENT
This report may contain certain forward looking remarks within the meaning of
applicable Securities Law and Regulations. Many factors could cause the Companys actual
results, performances, or achievements to be materially different from any future results,
performances, or achievements. Significant factors that could make a difference to the
Companys operations include domestic and international economic conditions, changes in
Government regulations, tax regimes and other statutes.
Disclaimer: All the data used in the initial sections of this report has been taken
from publicly available resources and discrepancies, if, any, are incidental and
unintentional.
+91-9892691696
