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-17.9 (-0.35%)
-10.7 (-0.21%) | Chairman's Speech (Nestle India) | Year : Dec '12 |
Dear Shareholders,
Recent years have been characterized by events ranging from dramatic to
the unprecedented. There are new challenges and there are new
opportunities. What is different today is the speed and
unpredictability of change, whether for the new challenges or the new
opportunities. Today more than ever before if companies are to succeed
they need to understand the changing context in which they are
operating. This is the New Reality.
2012 was tough and we started the year with caution because we line
that the business environment was changing. During the year as the
economy continued to slow down for various reasons we continued to grow
but we also critically examined out business to seek the change we
needed to initiate. In Order to be stronger and faster in the future
and continue being the leader in the New Reality we have initiated
actions to better align ourselves internally and externally. The short
term ''quarter on quarter'' performance has been achieved even while we
have been transforming.
The year has been memorable for several other good reasons that put
India more firmly on the global radar. In November two very high impact
events took place. Nestle SA collaborated with FICCI to organise its
International Summit on Creating Shared Value for the first time in an
emerging economy and it was successfully organised in India. The second
event that put Indian the global map was the inauguration of Nestl6
SA''s first R&D Centre in India. Both events are strategically
important and reflect the increasing importance that India now
commands. They also reinforce the foundation of our leadership in the
new Reality and will strengthen our ability to continue providing ''Good
Food, Good Life.
Antonio Helio Waszyfc
Chairman & Managing Director |
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| Source : Dion Global Solutions Limited | |
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