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| ECONOMIC PERFORMANCE |
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| Local Supply |
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| Our businesses are spread across various states of India and we have therefore always defined local as "within India." This helps us leverage economies of scale with our vendors, motivate them to undertake customised development and negotiate with them for discounts on bulk orders. It also allows us a higher degree of control and auditing of vendor's operation to strengthen our reputation management. |
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| Proximity to the final usage destination remains a key priority in supplier selection especially when transportation cost, travel time and the velocity of inventory movement are governing factors. |
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| Other significant selection factors include quality, delivery performance, reputation and past performance, pace of procurement, logistic advantages, ISO certifications, factory visits, reports, history and past relationship. Analysing the Top 10 suppliers as per monetary value for each business, we find that on an aggregate basis 99.826% of the group's supply is from local suppliers. |
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| Percentage of Local Supply in the Significant Top 10 Suppliers |
INR lacs |
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