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  CHAIRMAN STATEMENT
   
 

For long used to a protected business environment, Indian business and industry is now exposed to the challenges of a substantially free market economy.

The ongoing process of liberalization will affect most businesses:the size and the scope of our economy requires that we integrate into the global mainstream.

In the years ahead, and as the process of liberalization and reforms continues,there will be many opportunities for international partnerships.It is these partnerships with complementary skills and strengths that will be at the heart of our strategy for the future.

In such endeavors our guiding principals will still be those for which the Wadia group is known : fair and ethical dealings;trust and integrity.