14 Disruptions in the textile industry across key global hubs have created greater opportunities for the Indian textile sector. The China Plus One policy has led to an increase in orders being placed in India. However, demand fluctuations have been observed due to geopolitical tensions in the European Union and inflationary pressures in the United States. Domestic market demand is expected to grow at a steady pace, with the Indian textile industry projected to reach US$ 350 billion by 2030. The Indian textile chemicals industry is currently valued at approximately US$ 320 million and is growing at a CAGR of around 6%. The Company aims to expand its market share in the domestic segment by: i) introducing new products, ii) offering innovative concepts, and iii) providing strong technical support. Fluctuations in cotton prices, volatility in key raw material costs, the direct entry of major raw material suppliers—particularly from China—and the potential impact of US tariffs, once finalised, may affect sales. Demand from end-user countries may also influence the order situation for our customers. Internal control systems Internal control systems of the Company are commensurate with the nature of its business and the size and complexity of its operations. The established systems provide reasonable assurance on the effectiveness and efficiency of its operations, reliability of financial reporting and compliance with the applicable laws and regulations. These are routinely tested, certified and upgraded whenever required by the Statutory as well as the Internal Auditors covering all key business areas. Significant audit observations and follow-up actions and recommendations thereon are reported to the Senior Management and the Audit Committee for their review. Human Resources The Company leverages continuous learning and build strong capabilities to align with the pace of evolution and expansion of the business. It emphasises on use of technology in HR processes with parallel creative initiatives to keep enhancing people engagement. Employee relations remained cordial.
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