India''s agriculture sector has grown impressively in the past few decades. But with a burgeoning population, demanding consumer preferences and with vagaries of the weather, keeping up with the increasing need for food and feed has been a challenge.
Most of the growth till date in our farms have come from a focussed effort to increase productivity. This has essentially been possible due to adoption of technologies and improved farming practices. The changes range from mechanisation, to soil and weather data analysis, to accessing markets in a timely manner and creating niche segments for agricultural produce.
Farmers today encounter varied challenges in their farms all through the farming season. As an industry, it is therefore essential that we come together and provide them with holistic solutions. Several industry players have contributed immensely to improve the on-farm experiences for our farmer partners. Your Company too has played its role, contributed effectively and remains committed towards improving India''s agriculture sector.
Over the last several decades, your Company''s products and services have helped the country''s farmers handle their issues effectively and prosper. Be it our hybrid maize seeds from the DEKALB® portfolio, our glyphosate-based herbicide Roundup® that helps in curbing weeds or solutions from our IT-based mobile platforms, our farmer partners have whole-heartedly embraced us and appreciated our efforts.
While we have never distracted ourselves from our key business growth objectives, we also continue to give back to society through our focussed CSR activities, especially amongst the country''s rural communities. As you are aware, our CSR activities have been focussed on the areas of sustainable agriculture, health, sanitation and education.
As I look back and reflect on my almost four decade-long association with your Company, I feel fortunate that, we, as a Company have had the opportunity to make a significant difference to Indian agriculture over these years. I also have the pleasure of having been associated with the public shareholders of your Company since the IPO and listing in 1989 and have seen the transformation of our Company from being a traditional and niche herbicide - only player to becoming a trusted seed, technology and solution-provider to our farmers. But the most satisfying aspect has been the recognition that we have been successful in creating value and a positive impact in the lives of numerous stakeholders, including you as shareholders.
Trust is very fragile. It has therefore been our constant endeavour to reciprocate the trust bestowed upon us through transparent, professional and open communication with all our stakeholders.
The acquisition of Monsanto by Bayer brings together two companies with diverse strengths but with a common commitment to both, Indian farmers and Indian agriculture. While Monsanto has domain expertise in the areas of seeds, biotech traits and digital agriculture, Bayer provides effective solutions for the same through plant protection chemicals and biologicals. The combination, I believe, will provide a strong foundation to develop customised and effective solutions that will benefit farmers not just in India but across the globe.
I would like to take this opportunity to thank each one of you for the confidence and trust that you have reposed in us over the years. We are proud of this association and I am also confident that our Company''s merger with Bayer CropScience Limited, will be a fruitful one too.