NAHAR INDUSTRIAL ENTERPRISES LIMITED
ANNUAL REPORT 2004-2005
CHAIRMAN'S REPORT
Chairman's Message
In a changing world, the only thing that is permanent is the process of
change itself. It is imperative for a corporate entity to be receptive to
change and infuse dynamism into its state of mind. At Nahar Industrial
Enterprises Limited, we believe this adaptability is our greatest strength
and will keep us ahead on the road to the future.
Your company possesses another intrinsic strength - that of synergized
operations and diverse activities comprising composite textiles and sugar.
An organization that possess complete integrated textile units right from
spinning - weaving - processing to readymade garments. With the objective
of bringing unity and control of operations, Nahar International Limited
and Nahar Sugar & Allied Industries Limited have been amalgamated with the
company - a conscious business decision that has had wide-reaching impact
on our economies of scale. What's more, this strategic move has led to
better utilization of resources, reduced cost overlapping and more cohesive
operations of the organization. The surplus power generated by the sugar
unit is being productively utilized within the company itself, lending it a
competitive edge.
Recognizing the textiles sector to be our area of proven prowess, we have
steadily and surely built up our dominance on the domestic and global
arena. In today's quota - free world, markets are no longer bound by
geographical frontiers. A recent WTO study places India second only to
China in the race to feed international demand. If India is to double its
share in the world textile trade, Indian companies must scale up, improve
customer relations and consolidate resources. In response to emerging
trends, Nahar Industrial Enterprises has not only expanded and upgraded its
diverse facilities but also introduced a readymade garments brand named
Cotton County in the domestic market. The world-class quality of yarn,
greige fabrics and processed fabrics manufactured by the company has earned
it a reputed clientele of some of the biggest names in the global readymade
apparel industry. With major markets in its kitty, your company is taking
the world in its stride.
As tomorrow dawns and newer trends rise to conquer, Nahar Industrial
Enterprises is geared to harness its power of synergy and raise the bar
even further. The future augurs well for the company as its journey towards
'integrated' success gathers momentum.
With best wishes
Jawahar Lal Oswal
Chairman