How has economic slowdown impacted your business? Which steps you are following to improve sales?
The economic slowdown has impacted most businesses including ours. Our biggest challenge has been the rising costs coupled with a slowdown in demand and greater price sensitivity than before. Our initiatives for improving sales include developing new and innovative products that can offer better pricing at lower costs.
How do you see growth opportunities globally in coming period of time?
The growth opportunities have been a little slow to come by. In the coming period of time, though, we expect the growth opportunities to come from markets like Russia, South Africa, Canada, Brazil, etc. We continue to see US as our key market as well as working towards leveraging our position there. Europe remains a challenge in the near term.
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