sejal architectural glass limited - Securities and Exchange Board of ...

SECTION VI- ABOUT US
INDUSTRY OVERVIEW
Disclaimer: Pursuant to the requirements of the SEBI Guidelines, the discussion on the
business of Our Company in this Draft Red Herring Prospectus consists of disclosures pertaining
to industry grouping and classification. The industry grouping and classification is based on
Our Company's own understanding and perception and such understanding and perception
could be substantially different or at variance from the views and understanding of third
parties. Our Company acknowledges that certain products described in the Draft Red Herring
Prospectus could be trademarks, brand names and/ or generic names of products owned by
third parties and the reference to such trademarks, brand names and/or generic names in the
Draft Red Herring Prospectus is only for the purpose of describing the products. The industry
data has been collated from various industry and/or research publications from, CRISIL and
from information available from the World Wide Web.
Disclaimer of CRISIL: CRISIL Limited has used due care and caution in preparing this report.
Information has been obtained by CRISIL from sources which it considers reliable. However,
CRISIL does not guarantee the accuracy, adequacy or completeness of any information and is
not responsible for any errors or omission or for the results obtained from the use of such
information. No part of this report may be published/ reproduced in any form without CRISIL’s
prior written approval. CRISIL is not Liable for Investment decisions which may be based on
the views expressed in this report. CRISIL Research operates independently of, and does not
have access to information obtained by CRISIL’s Rating Division, which may, in its regular
operations, obtain information of a confidential nature that is not available to CRISIL
Research.
Glass, without doubt, is the 'Material of the Millennium' and like every new material it needs
to be used to its potential.
The Indian Economy
India's economy is on the fulcrum of an ever increasing growth curve. It is the fourth largest
economy of the world on the basis of Purchasing Power Parity (PPP). With positive indicators
such as a stable 8-9 per cent annual growth, rising foreign exchange reserves of over US$ 222
billion, a booming capital market with the popular "Sensex" index topping the majestic 15,000
mark, the Government estimating FDI flow of US$ 15.5 billion in this fiscal, and a more than 20
per cent surge in exports it is one of the most attractive destinations for business and
investment opportunities due to huge manpower base, diversified natural resources and strong
macro-economic fundamentals. Thus it is easy to understand why India is a leading destination
for foreign investment.
The Reserve Bank of India has reported GDP growth of 9.5% in the second half of fiscal 2007.
The charts below illustrate x GDP growth and its components, as well as projected GDP growth
in fiscal 2006 and fiscal 2007:
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