HCP Plastene Bulkpac Chairman Speech

Dear Fellow Shareowners,



A warm hello! We are optimistic about the future prospects of Gopala

Polyplast Ltd. This past year we moved back to growth, increased the

bottom line and finished the year stronger than we started it. Our

manufacturing team and distribution network continues to strengthen,

and our HDPE/PP Woven Sacks and Synthetic Woven Fabric segment

continues to deliver stellar performance in a competitive market.We are

prepared to face future challenges and continue to grow the company and

deliver value to our customers, employees and shareholders.



At present, the company''s woven sacks division (HDPE Division) is

supplying mainly to Cement Industry. During last four years, the

company has developed its capabilities for Sugar Industry and Food

grain Industry.We are among the few companies that have successfully

completed all government orders for food grain supply. After being well

established in these industries, the company plans on expanding its

existing block of plant and machinery. Without increasing too much

capacity in this expansion project, the company is moving to higher

levels of automation in bag making. This will substantially decrease

our dependency on labour and increase our product quality. Through its

diversification and modernization programme, the company is trying to

enter a niche market with premium, higher margin products along with

its existing product line. One of the product identify is BOPP

laminated bags.



"BOPP laminated bags" are widely used today in retail packaging of 5-25

kg packs of rice, chakkiatta, maida, besan, sugar, seed, fertilizers,

cement putty and other premium products. Retail sector is exploding and

the BOPP bag market is rapidly growing because of the importance of

branding and need of aesthetically appealing packaging. The company

would like to exploit this opportunity in this time of growth.



Woven Fabric has traditionally been an accessory for the main garment

and are the creators of brand value of the garment. Thus it

constitutes an important role in garment manufacturing and is used by

both the garment exporters as well domestic garment manufacturers. We

are one of the approved suppliers of woven fabric to renowned garment

exporters and international department stores.



During the coming year, we look forward to sharing with you our new

milestones and accomplishments as we lead the company through its next

stage of growth. On behalf of the Board of Directors and the entire

management team, we would like to thank our customers, suppliers,

distributors, employees and shareholders for their continued support.



Sincerely,



Manoj Somani Managing Director