Yuken India Chairman Speech

Chairman''s message

The global upswing in economic activity is strengthening, with global growth rising from 3.2% in 2016 to 3.7% in 2017 and a projected 3.9% in 2018. Global growth is expected to be sustained over the next couple of years and even accelerate in emerging markets and developing economies (EMDEs). Although near-term growth could surprise on the upside, the global outlook is still subject to substantial downside risks, including the possibility of financial stress, increased protectionism and rising geopolitical tensions.

We have witnessed several developments across the globe. India went through significant transformation following the announcement and implementation of demonetisation, Goods and Service Tax (GST), Insolvency and Bankruptcy Code and Real Estate (Regulation and Development) Act (RERA). These reforms could have a significant impact on the Indian economy in the long run.

For Yuken India, 2017-18 was a transitional year, as we were in the process of strengthening operations in line with our Yuken Group strategy. Even as the future is full of challenges, each challenge offers an opportunity. Yuken India plays a key role in Yuken''s global success and we are committed to identify new opportunities and provide solutions that enhance customer delight.

On behalf of Yuken, I take this opportunity to thank all the stakeholders for their esteemed support. We are committed to enhance shareholder value and remain humbled by the trust and support extended over the years.

Hideharu Nagahisa

Chairman