It gives me immense pleasure to thank our customers, employees, officials, bankers, and stakeholders for their continued belief and support in our business. I strongly believe that each person involved directly or indirectly with JCL contributes to the success of our business. Irrespective of business cycles, JCL always strives hard to deliver results for our stakeholders. Our business is dynamic and full of complexities that we successfully navigate time and again to focus on growth. I am confident that we will always achieve our business objectives.
With the world’s population projected to surpass 9 billion by 2050 we understand the ever-increasing need for textiles in large quantities and of high quality. Today’s businesses require the agility to adapt, the capacity to expand, and most importantly the culture to innovate. At JCL we have all three.
At our textile division, we constantly endeavour to improve upon our materials and standards that help keep all of us safe in the toughest conditions. I have no doubt that the future of the Indian steel industry is bright as well. The per capita steel consumption in India is significantly lower than those of developed countries and we forecast increasing demand for steel in the country, for the foreseeable future.
I could not be more excited about the journey ahead with all of you and look forward to serving JCL and all our stakeholders effectively.