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New l1!i\I!llihtct:lI IlllJi'I_dll!~ tde ~~ :ali"t'im~ <i!'!Plery IlJmiU~~t" 'i[,Ms ,al,'I!il\ily.~ gi,""'I!.~ I~~;tel ~j]:f.j ~mei'5

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'I ., JlMs me "_.n se rI""'''' an~ Joy to .h ... with I"'" 011. ob •• """b<lmT,,!; i'¢~fiil1l~~ re~~ [If ,th~ !~j~~'~! ~~ of J D'SA.'_ qijj~!'tl;v'ljI' Irn.~giiti,ittol;!,

"IIfi) $AD iu!<:m- ... rn am g'~a:cill'lIh;ltt:th~ mq,32in!Zi1!iili'ilm:s5~iiII:w.i:d~ ciredation amq tlIJ~ 'ITIGmb!:i'i5 ~nd u~J!J£!I" sn:koo~ld~ll:!. ~o. the bllllmh ,OF our "N~w 1IL.~"0' '~!fa5 well 'iIl'~I,~d1 jlilld :.!p,pt\ll~I.:Ji~d,lb,..all.l [I1:li:.f tMA'~"}I~,p[tfinmlty!iiJ;IP~.ifflOi1Jaillydli[ti1JCi:,~~'.jJjiU ;vim [Mil; >!lIu1,)l' 'R.'iruj, lID'!; nI~zinil: 'liHUi!; :rill_~!;Ii ln~d !tEiib!hd~!;'; !l:t"[u-rt' to Knd : ~'!'J itbii:it ibIlIiIlsti'lll!!:ai(,'Ii<il: ~~~'mI:OIl!i,;jIjnd, f~_dbad:, II] li!!iFd!!~ fill! s-.c:fhi.~ji:!I:' Ib~illi::'hnuu\k!l, fif)jf 1I!I!5':3!!'i '~COUEiI1il'l~ ollirj!l)llJjffiJ]q~,

D~~~I: sltmo~' btu, ""~!i:~, ,u; !UI mf~I)tI,r>.;"!!(;i~ 1i'!!~i!,:t~r~!l!Kffl ~\g~ lP!lI~l!!il!;~~l1g iuill~ btrJ.~r' ·9!ncill i!i~j]:~ ~~ql 'iSUl [!!~.~t:;5, ,Of u:Jin.i:Il!,G: [u,i!iduem: and, ~m~" if;RC"tlJfij! ~Jih 'p~~~!!Iil ,:;;~J~N 1!:ii1i!imrrnliml;f~!'i [etllt~1l:Jlb:J~, wlfh [~li~ ©~!I~fii:r~~;guri!!!ll '!''rtfii~Ii)jj!'~!!1g,tr pilil!'!.'id.i!d m sales oo!ls;ub:;:lni:S! :hl1i1ie r:t,..~.dl~::d, ~1::ij(!',giltiW!~l ;j}f~iU!Ii!'¢ ~~nj~[]g itl!i~iwi'f In Indiit, Ho~r:~dJGIli·~'!i~tling,I];!.:tirity[n ,~udl:sil tod!ilri5'!run&r~III:\'::[II~bm i);~hr11l~!:~! i':'Hl'gitlJ~:~m !1i!I1:k {jiRr.IbDW1~.;mi~ilik!qii i',U!wlll"k[lj 'iii II d mb~lZifljf. Jmli~~~Ijjj.o~.

';Y'itlJ, :;Ii ¥ii'~' rEo e1(p'J~riTI.~: till: 'ruii1J1n: !p![lI~ml, olUtn[mI~ t:h!: b~ndip.; !il.nd hy cl~:ru~~~~~ ,r!!!cltl;ij:d!~I;~: ~Ui~~g'i' Wj)SA,~Ib'blJif!.lt~d11 '!.\il!llh I~'r!il'lii:"&;. \,t(li!!j~ fjjl'~I!ld1~Cfi: t'l!l;oC'3.:r:tI'IIUliIJ 9ufVeJrf\llilf l!lloga09'~",h.tfh 11J'i'Wdi.gfIJ~clI'\-~I)'~jl'lt"!Zire;!!tii:q o'fu.~niiOOi n~"Tb~, p!J.TJi'!~jI~ ,g;E l'l'lc ~u~'Y '~:tii~ "!Il!) illl~!: g:;! Li, 'i;'Iniimi1tiJfrh(:'II!~;r~iil ~iI_b]l!:g bi2tW~~fii llih~ 'by stabhiikTtfum, mill ,~[lj9;fuJc ~lIlrnp;miif:5 ~'O :~Ii9.JflDiLmi dW'lJj!oa:cnltiil of miiSl"I,lii:mrant. iil1i[DIiI:S~ Ilify;

TnmJ, ,~HXIl! ef iE.hc ,Urn:!BII: !5Ii:rllHng li::il,du5'fii"}" ~I'!I .k1i!!in, li1iot illdui:Uillg 1[ll.SliI1'fiiII,c1l! lirn'lo'lty, is GSttiiilrilk':J rildNH,,3~J6 ,,",roli~:~ 2!Il1Ii~H!i9 ru:tl9, is ~'CG!t!Cd.~IJ! r'enrll riI. s rn;c, 'i!Jf lNI R St.1.:l$ !Z:M~!i by ,~IlliUF ru.l~ '!¥"!.th ;:'lin ~~[ima'OO~ CAGR ;pf U"_~~ !t']("~r, ]ndia mU Ilrmk.51ow in !term!:! bIT mrot.Y ~llill'!,g ·a~ti'!,'i.t]l 'WiDIf]iIDwi!ik. 'I,'!ii:vidi, p:rN:~nJt5 ~1j:~f.I~llk~ ;((P;P(!if¢-!l1I,~~!lI~ mbf,~'ii!l'id!.111~ ~n!~.~~ry,gcWldl!i!,;:iIi:~jI 'rrn~l!l~ i p!m!l~d,'hl dtt.'" El,~nt CiM\~L~e'5!ti;'iliQI1l oftU9~~ mSi.gruMlIl.e'.

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WoI!: hi!.~tl!!iil~ lnhll!.inthis 1I!1l:W',",-eh~lltf,l: iIl!r:&:~~ cl~1J~i':' pj\~~i}'J:Ii iiUld ,i!;;3.!s;1i:j' f!a,vH,r~ tU!J1i1 !iU14J mntrIEruJre~' to ll'!lIli ''!Iiisi!m~ ,Of' 1II.t:iik![ng ,~ijoCd' srdlliing tfu;c IDlIO!;t I~c;;;~d 11Idtu.!ttEt.'y 1i11[ljd!!a. 'Wi!: Iw,~' 'dl~l!: yrffll Win IF.:tiloo 'ill J!iI WfiIT>LllnilE}' Ito '~!.omiC '1I1;f::i1i!W 'websute :rund. Sl.!'o:d, l1.li5 your valu:,lifull:e illipl.!lii!!i, :rtJIld, i511l~SJtiilllO;5' '[I[jl ~~rn;~rovil: it' 'f;ilInlu:l'".

D im~: $!l:m~:iE1i hadia is, on 'ihe' 'lIip!iW1ng arum, i6 pFIMrid'hmig II GIf~W, 'iilo:l '~'W~I! b~"jJyc~n' ~!d,~!f$ ~f! iii. mg,d~f!1 m~b.;J~ ;;e.i:liiJ!I.!I!~l!Y~ 'IDlt~!'I!! !~, ~}I]I, , d~y11r:t;: ~lif: ,~.ct tfura'i: diRii:t' '5~lling ~rn, mdin ha.s, Sif~1li ;II. hil:mII[&~ ,riki,1.IIb'lltm dD,~'t: ~mwth m. ~u: lii!liii:',~W.,"t'::iIli. 9IUoycd 'fur riI, ttrn:D~: in~~~~ i~lIJllPr.h'1il!h: 'OOIDS!I"mlpt~ll:l]l~ bi~~iI1ii:',ifl~~J.jJj5'llihlll! hl:OOilftlt kvd.!lI md,C1i!iII!1lbm~ ~!i¥aHnll:!I!I; dBt~ii!i !I!lLllil.lg,~g ~"}jU~. Eit'L:'lI!wl~it:h'miU l'iuRly~l'rL~¥e lI'm:.Wili!:i~]'tri, fun 'die yc.f.I rn,rn oom~,

Di!t"E;f~ !:"icl~~ 'Dll!mpltl:l:b~ :I1'ThUii, i' 11.~ 'UBi' mEm oi_X' and Si:i'l.!ld,~ E'3jj~A!iIi!l,,;l!i'ii~ !I!JI~t!b~ !tht.~ Intiti'8llJIIPIIlundIl!1.1 Wol1!ga,rhd tlrnlrtJE.nLo''''''tltm'"I1''OO.t1ll.ct5 8.II!d, 5~rvii;'I:.if;!i,'ru~~It'[j; OO'IJIiJl:: to, l{id~~i (ii.i'i 1!1~~ m!ll!r'~ fUj~.1 ~fIS~jml:~ m~:tl.d l:iji rti1!!_~!"e (gr~f~. C-If~g;d~no~' l~.h~ 'hu,~ ,p[iMniiL'i!l milt [~~ ~ndiil.n D~uet S~JIUimig lI:tli:~uiL."tl:t Dfffiz:f.5t. .W ~~:t iiil1liif: n!C~1 '[0, tf.irurd~er 'o~~~m1tl!!.~l i~ 1!!~rU~j~io!llil!l il-~. dl!:~~n. l~e.!~~i' ;'!;tl, ~};!'!!~mi~: [~~I Iol!!j~y ~~!!!~, oo~dllli!!iLi!dI Thrg.ao't~: !l:!O[j,SIlli~~.ey 6.!f'm".IE& 'V 1~~y'ZiC lhi:!: ,gurrwEbi 1Fi~t'~Em, ii2:rn;r,Lfg· i~~'upP-9rtUl]lm~.at ;t'brillle.6'~ dl '1.'IituR':~u~ook.r'Otd[l'~t~.'lilWiti,g: iBllil:lidiit, L csn !'iH~ ~'!iUr.l:J}"U,,,,. ·:LI~iil1 tElJ:J;:~~lUglf;im~~.

It'it; tljuil'!!:: int>!:W!.'MiI1~·to'II1-'llIt!:fllll~'ttd!lln~:dJ.!:,ooiln;lie<riirll1Je,~:;u;, the uY'era1l! di[~1i: !!l~m~iig 'ifidmlWjI .~l1liW 'Iioy 17lQ, ~!ld!!!m j )i~d .s~'II!~~g i:s, W~m~~!~g: .. ' tfn;I.~!'¢!-~lI~~' inu~ ifii the iiilif5. IOOillllS-'I!I1nnt Imfil::'il.1"Or:'I,;:, ::liB w:;z;U wiib iEBu! v..m:trl nll.llm'b~ '!:Iif Ii!d~~, ,~g~:liijh1':iiiH j'i1;':;LddJ~g,!t~ "I.SJ 'i!rnlio~. [)~i;oL:;t 8i1:1]Bjijt: ~~j.nr~iil~~~ l'ii"""¢ 'b:~ lii.et.~~ 111 !l3€illlll::riblllirnru,g;rn iED]~'oSooial, and! ee!]:o;Omi€ dn~hrp.EIIi.~nt'ofrtbe !IlolllJ1'E111;,wiih O'!lCf." :b, 3~ 7.fiiilhn'lini0:0 ,Pllldi!t!i ~to the GDrt, J[~~1ii&q!ILN'brlDSl:\.mil:m'ben ~o:o!r,::" "Al'hilili lEu:!. grolWlfiJI Qffi'Jf is c!l"illtfllm~d '~ ,itl~iu~ 'm~' ,g~i~i~Vih iill, di'-~Ciil: ~if'~Ullig wlill ;hIi5i!j; ib(!. '~~\'J:"n'bv' mnJi'bts in IriU [~m1 U il:it~~"

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1 Iavrhng ;]Inail}'z~il1! nU 'D~M: hnpo,rdiil.a4:: fi,;:Mif.!i~ 1. rj]:li'i:i.e~ [~: Jf.ullii:n iJii~i~"";5l 'l1:Ii!iJiiBI!.

o;F1p'O'i'rul[li[~:fu.tr pDWt:h ·9J'Id, il'S '~I'Ilie~ng ::1Ili OI1i~ tlf't'IJ.c' mo.!ii! iLlJ1iIP.0.ri:ruD:E millih!l:!i 'Wi!)iJdli;,;M~; 'm~~oi;::' ~!:!i,1[I ~~ 8'lwililld,'b~!I]IO ii;;dUlc::iilti~ig-!!S~!",~ 1-[!!"tl~~,~lfh'~"t s.~'Uhll~:rproiW~ss, ::.lInd! 'tlIJ'cl'"fbyJ' lli1::i'lIro(lOO~' '[rmtl, i1imftilBin.g '~f!: hirendm and, d!Zipth ifi!f[d'u!1iil~inlnliti·1lJ!II1 ,oJ r~g4liR~ ftii' dfiL~ ~"_~I~. !i!nd b:j'qr:niii!rif~ 'Ib~ ~J~viti;'y uf :~iiI]~~ l!,;1l~f· Nilii~!~jg~ IIcn'!!')l)'ffiI{.

Wi: !il!1i: ID:5..!\,:EI[!i~;.e lk~il ~ryjJ_uuO"!m&»r '!illt;s;ing 'Ilhc 'lUi!lIvt. ,1Jif'lioJB!l:l[!! Jvnmrlll1R: til, ,pfiUC.Y ~1ffiili!'W'lIId::, ito :~'lai1! i"if~.c. H!f¢=g)IID'illing',d:tMt:t ~U1U~g m:1ir·b[~ w:MdIlli gi.\m~ '~n'1ru'GpR.1Ho1llmfu.,ru 'l!'iIf1[l!i!H'1l1'1]~iJty '1~;I,.dinJj to il:DIir-lllil}'1n~rtit b'"li:Ili::l'I!Irion. lib ~d~iCt W(;si'I!;i',1"! '[fjfl.~~mI w,!b~~' d~ti!ED: :ld~illlg h 'belling :~[!ijj!~1y 'KgD1I'lru~dI, ;ill1G11 dl~g1i!: at.1!. !itr-.Eing,'ko:gj.i!illk:t!tion.s tD ~fDFr~i: mil: inttiff:s!I::[i]ff OOI1S-ll1JnitE:E ::l!l ''Of!I:!.IJ.:iIIS c!!u'mp';,1ni!fll~ ~I].di[ll. [11~iii"~!e~~ ""HliiIopm:,ili i'ihi~!I!!Itn!~itf!::;,!'_'n;i~[ql t-fiI,8f1 Lii!i'l!:;!i, 1-~~~d!rgi'tiI!,Y!{!!~[g.:W~:'h~ ~I;;~~jlrl.ll!jjil, ~Dttk:~I~:unl:'ofH,uniI!'IIani ... 'I!,;itoll1i!:;rato~!l W:O.oU'iI!I1Dstrull'lilliI0'IiI.'!iiwa!l!'iO,~1'1.!1rtd!i1l: i1D.~usttv:, A

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are ~~~ gl'OWilDJ.l' il,'U:: majniill'i:i~;it

IFlnall)'i iii3u: w;n)' .l!:iirwm,d1 f~rd.illfect l'iil:illlll'ilg is iil!Jl iik-llIl1l1c ,dl!:,j]J"'ri'bj~mvcl'i''''vlth de;l,r ,i:1tn!I!u!'lliI)hil.~r,~;p~m!'lib[i~t ~ i:,o;a;d.dj'i~!l mlliU~IlIg,~!1.

I 'hib'~ :idl dID!>!: '",."ago :tit!: ,Iib-,~y r1Sl;il!!l'ii'ilt,edi ~vith DiRr.;tt SdliIn_.;: ILll.;"n¥iiray iilmi lil~'!1]1~ ~1:i1' ~pill'~ i~)(i; j.!Ih~ h' ii! ~;h~, i!:J~ 10Dlf"ti!t¢ wm 1f'~1-1~] "]ID)S_4_ Irji!',~'~ iD~~~i Ilii"lid int~liCS-ting, 'W!l: :.Ii IDSA. iim,ve '¢o cr~artt: ;A!l]1,cmironmil:ntciIulidu.ci'!1~'il'D the gl\]JII,-l1:h ,o:f:" d'~~~. ~~H:'I1g ~'rnd~.~!"y ~Ii .h~JL~~ ll!'!m i!j[!!.if(! '~~!!I!t, ~ wm 9,m!'i!!!~~ '~g, wil}"& 'f'""W '~I;;I~l~nec'3.'Q~Ji'!it];:: up'ro,ttihil: ~CCtR.Jti.o.Eli!i of:d1l,tllit::'5~.I,~~.€II'!'i,

'[ iUin~:I'!.lr,1in :iI~~rrec~:i!ltI:'!.!;,tl1cdedi!l.'l1i~~ 5firiirtdtmm 'tii.r1thc' .lDS1\ t-l'!ru11t

CH re er se,~'1 i nQI n as ~mergeda:s an inl1ova,t~ve mechanism ~;o r (OIFil neeti n Q th e. buy~r and Sl@ 1,'1 ~r 'lin th ~J process of r,E!l13tJlh'1g prod 1II cts ,8 Ifl d s:erv~ces.

.An extlffnsive. m:a~ K,et su Ne~ wa s co n d'u ded by gil ebs I cp n sultan c:y f rm, E&Y to a nal!lyze Inre 9 romh ~ att,er Iijj'~ emef'gin,g apporW n itf es &. challl eng:es, ,,3 n~1 tutu re out'l DOl:: fo r direct

W~mOt !!lilt:: diiue~ 5dli8g illrutJdualp.t:: 1IIIl1d_';:;f:GJll'~ru,g, 'L.~nsidA:f"aili!~{:' tr-an5formld1L'ilin~ '1i!u1~tgi~~~ M:(ij Mgh g.ruwtl~ !1!~iiiSlW}\. [USA i!.l1J¢i'~1iJ l!~~ l~~~ dcl.:U'!P~ ~m;rru-rj,':~dI ~~~~~~!j ro.alm il1Jjj3"II1H!Dll~"

GR!f~,!]~b W'liI:!w'~m IJtt~~ I'iirom~"ol.lr'!:n!iD~l'1{!!l1lirm1] ~m,dvml!iEikdl.I!:';ild~re~ !Ji

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ill~!:ITG5it. rn~ Of~1U!1II,

T&hl,'lji 1i):!J![' h~d~i~t'f}' 'rn!!l~i..'iifl~ @~",,~~, 1'g\~l.!1il ~,b-~ ~~~;~~ ~~~,rfl~'; ,~~ """,m 'bcd.di'g'hr.ed t.ri"h9i¥.ey"oIIII'¥:lI.luL'ililJf1:mb:il€'~'3.'E·irnifo@'1dii4'LciTh,in

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~~ ~i!;~sojj!.!!l!~1 ,;iii\i~ rli!'!;,1!.!fi'iI!lg: i[iif~ ~I!ndi~:y md pfiG~ .rt'i'pmdllti:etii, Thus ill1iti:J"()L~ (if :lD" bl'lt'<unc' ithe i~k ortll~u.:, t~'m:li a..ill ~;I11l!~d, pr'gj"h~;em W~r,[i.'.!l;,~ ~- Pi!i!lI~~: IQ;'I:" t'hc maljo:u ,m:;W5:H1ap~r5 and 'b:u~ dl:!lilict; 1I1re' lm.~il1~m:;:~flE !Ci1iron~ck, Thil: :Fi!.u~~illl &'PiI~!I, .R't:!!siEn~.!f!l .unlli~ Th!l! ,H~!1ldy,~, [Jlln [HhJ~ijfJ'L'l5;i_!, Tlti: :P\i,{iiI1l!t~c:! ~]tti¥rJ $:mt!lm,t'lJl:nruJu."::tLf~w.

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dc~1Dt:.rl[<J:>IJ RllliDIWDik,Intl<e~I1'51i:'l~~ I il:an IPmfll~ iSaY'':M'i!: I hR"lIi promml!oo, ].1i m~~~I!!i;:i<l"

I IL'C~ogmlition IL'lliy 11T'~!1ff.onLl1;i1J11~C' l~lC' ~~I~~ ~~I!1J:JJI:;m:'J;~, mil' :F'ql(!{ ~'iflp ~hM~~ IndlIl, ,11:11.[1, iI1I'!I{'!r;S!,·.:m~ ~~ti!i:' cllan~m!'!ll1~ Ii[l~h .t1:!i '1Illli1imk, J.\gli:'a ,ili'td Ch~i'iri'ila:l4. nes.'C'm'litoo~lin~'up;:,l'c~-",~ m:oilii.'Qtcd itllIi! i:.4l b~.'fU!: itj,U1fIJ! 'p;1liii6ldililtf! ;lIThIil1J'~:

T'!!!iPr~t"io'!i',,~~"1 i~~s agfi!t~d iJi.,~~~in:,i.!~ ,li<J,!; m I!lUilt '111.)" 5df~1i1:i~rn mtlIlu tlhaill l~rei.~li!'!!g'lb;t"ifii~'!¥lI!~ ~~ ~ m~ hu~IIlIi!i!~~ orrommity. .J\li::hi~vii:rur. V~n ![illBd ,Mai'il~ Ii!¥iilli evei'J 1"ll1)uthl ~;IUe: ilI~;eIlJ]mc I 'wa:'! 1PR!'llnra:cdl iiU'i'MEliDIlh"etli, Lis, :11 SiiL'iaU.~r' lilli!M!I.i~ i'(!!tilidil.

It '~'¥1U D!l!t' b,c.,oot of'pl:i1G!.:: to, emp1h~ lilb:ff. lIl't:iII1cl]j:Oll; itiollllt: 00 C1J_'5r.olTI(!iri:'i~ buiM~Jif.;' It\I"J!i!li~~i: ~~i1r~ ~n~vcljil~~g ,~ilI~ld 11]001(.011, !tWM~Iil~ In ~:hit lPitmi2;5iJ' ' .. ",i'iJigti~ 1!!~'Uh~~"i!i~ '!Ig, '~m~!'!-Ji:!¥;~ IPO:JEr.i~:i!!lJd 'UJJiIliI!:!'!l~lZImH;inglnwli1i!!!;& eit'hi~ :has. ~i'Dl!ld :m~ iI!~ ~.iI! ~tt!.iliiill 'lItd, ~~ mlclpeil b!l!b.t~r ifih~ ~d ~m~ge O'f d-eIJefidi:l!lBn'li:y a..'lri~ ~.d;iinhUizy r.:u~ ilIl~

A:n~ndfK., Suku:~~, ExeCUlIWelv,htllal,gert 'H88'1II.1' fuds 'D'h:li,g;~d m TIl'p~e-"",~fe ~-fr girirl g h~lt:am ICflct.iched JUf~ IIsd lllooivatiJngnerilO! acbi,ewe her dnilm;;;; 'm~ mud. iIIudad

pt:.I1SU!i!lgJ] !'I~; '¥Ir~11 Ib pr;iJ'fessfDn!a~ mC(1e!;s

TheWFDSA mls sian is to 'build understa.nw ng and support for' direct seUing'w,nrldwld.e'.

The advent ofdirect gelling is :making a posi~ impact .on milliOS5 of people

wor1t1wideii

CI!i;1]]p.an)":Rnd m~l1f.

l'i~,;; i d~!,j: ib~UIJ!Jm ]~r!!~ I!ri dil!! ~'!ii[!:;~~!.!if 'Tu P;F,! (j n'r8!1TC. iIIJ5. '1YliIl 35 roys C!'If. 'at [DO~ OSIJ:Ji ~~,

''ililuml:,}'ll!iU "f~r@cl"'WnR! :t'ij):Jj'tlmn:5ifi:l!I"i1'1I~!i1g';1'i. samp:ll~ ~utml!m;&.e.i' ill:~JIl; fa S!1J~~~ifu~ cn~[lir'~'G,tuj, rNi!ii!ljm~' bc:r ~~tJ], i5J1!~f.!OOnili:d!t.[1!~', 11I p!M~tlw i3.t~lrud~ :a.nd !"~~l!!!ritJ' W ~~~~e.[l;!:1yi.~IJl:!!!l,trilm~r~. [j

M~.~~ ~~,

' ......... 1"·

Q)HERBAL~FE.

Choice Of the Cham ion

"' am confident to sucoeed as wort"'s Best' with HertJaJife Products II'

,. twbalifa India cabnrt881 D YlJdOf ~, PrwrIln NubiHlDIII WilgM ManlllemenI: ~. Blabally Pruant rn Dmr 12 ca.nrlftl.

,. lJSI 3.9 Billion III btlU SI_ ~obaUy~

_ The Last Word

Amatjit Ubhi Vice Chairman mSA

The 'po®emlmmJ ,fliUT the dit-ect: selling i.ndll1l.5,ky mn llldW~, is b,~I,ge., 'Wit1w 'flte ,~ItVrtm~ raee !O!f 17 ,c,r (JenU dwi.ng

, ... he 'l'IP."""" .JIi'!I.~""'_ ., .. 'lIim~.,..,i!J' :," '" D"" CI'-a ""' ...... ':'O;::,.,.r(1I" '''0 iI.'.~'IIO.l.", ILl]' . /. -,__tJIJ.Ij;~ 1.tII_1 _!I:~L • .;:f.~WlUJIJ.JIIlH ,~.:::I iu.{ jll..ol '~,!Io.; _ _ "!I-~ ~L_jJlIIliI,CJi ~I.: ~-C~I' UJ .... I!!I

JIlCm'tl!:§il' 1:11, di8milurion tt3Jcl:.,ao!d], iRDcIlILtliIr:ati!lD!m, ,cnmJbiiiil,~~,

~h· ll' . .l - a, pi rI

'Willi gmtW~IiI-J!;, ,tOft~ 'I!)! prou.u.of. ca;t.e-gl@'11~es SOdill!i 1!!I.n_ elr

,~iir.--ejct seUingh~s, cQn~]t-mbUllt'ed '~'o its growth :in.,200s:~a9'~

Dire~l se: -dig M a modoc OIf ~d:.el1iD,g, lPiroduCJ!s, :I')~lViidles '~p~:~lIm,n iJi;y 'tl1)' ,~, 'I a'lfge 'iflituwbei' 'i!)'f :pe!!)ip' e 't~, sm:~l~ their QiW'O bu~n~ss~s ::l'od ,~~tt--iis~ tihC!lli' e:lljtr:qfUrl~n:l1mrr:iram, .s'~s., Em.pli)ymtemrut ,elli~3tiio.n iilS one' of'the m'aDJ '&ctu:Ii's hehwn.m. '~hil;!~ gmwth o:f.' di:l1ed ~he'IIIJiJug m,~. liU1J lCa:s;e of '~DSA m)~'c:r' Cllljlill~{!LRiJ~s (not illilidilIidlillili,g :inslllrnIiRce)i as :!~1!!och, ~~ 1.2 :!f!lilli~ru :pe~p"rne ,~n ,e-nlp10yed as sales eeusal'mnts.

T,he dom.'estili.c ~d: :se1bng WJ3rkle.t seema qrtdte: :piOO<:IfQii~~~,g burt: Wbe~! ,e@~l~p~"d h:aJ~emad0iflil1y., ~nd,t~, 5t(locls l1.tJh ~veJmliIJ, ;:JJ1I1JU11llg time 'to, 25 eoantries 'W'o~1dwjik '~Iil dtlC 'lJI'DJumher ~(f'sal~s, cODs:!dJ,amr~ 'p1l't:Stn-' lrlli'l'iin the dmr.eclt: S'.iiftg liI.envn:~ and ,23(F,Iill, lin b~tl"m~! o-llt the ,rov~iiluc ,pernt0d], thmugh di:r~d s~.li1g. T:bis, :s,ym'llJ~li~~ «:m~fk~bfe ®co,~e :f'OlT mfii1~er gr,~ of i;J.ified flIe'l~b-aJ,g '0idirviiity in :[ndia. lDSA 'Wit1h ii,ts, i[)(iiililstanrt elil,(ffieaV0!"UM.' t,o usher 'tile; :1!fjjO;ftlleIlUi!Wil'i !Oil dilli':eiClt sellin~ id Im;dia~ i ,wotk=, :~!rlg' c10tidy- w~th ld1e G~~e:t'!lll~en~ '(!r!ll po:Wmcy' !:s:sveSi ~O ,~m;b~.Iit~i:D,g' ruIi)rij~litq, chtrliity ,~fi,~, CO~(Il!lilice' ~lIlli ,dliilf0rt 'selllWru,gl"

The need, ilIlifti~e hl([l!Uif :is to. mtr:g~ the G'~'liferlilme.'I1IIiIl: to :'Hjlnrm~.m:,~ a dc.firn:i,m ,oo,gtiamlty' :~ewomrk, :r,~(lo,g:nmlllJjg djjre;~t 8eJUiigg ''l.vhwc'b wii~~ help :in ifum-tlliter sltfcn,g:d:u~'niAg : • .l, iexpansrOIm1J of ' the lIlI:lill!l~ll::.et .. 'r,he rn:m(fiOacm:~ :lr~Jl:.llJtion8 ~im 'rtii C: G'(f'v--;emmnent \wu'm.(l ,~. clip ,~t: ~ndiU's ry gef. m'ClIiC: organ~®e~,~ :I'litmC't '~e,gjti~n~lPe p1L~;t'8 and, :r?f(iteol~ ~@!lt- 8!lll:IDCl[ ~lHIIm~5h;,.

I ":ruslt OlH in ;,tiJaJt~~ 'li1rl fruih:li_~,]lin,g 1I.D'M D,itRc~:' w,"' 'be ofliJ[ftmeose vn!Iilwe 'iiim ~ tJbe atalkelurdl.:mff-;5. am.J"he:t,p,-dle-lll, 'in, g~.Dimr~ili1g a '~~tJb~mr. ~ntffi0:rsmlll)liill!g of tbe lndbto, :Di.mct S-e'~~·'n,g f nd.~s:trr ..