How's been the business for the company in the last one year. How would you compare your performance vis-à-vis the overall cutting tools market in India?
The fiscal year 2016-17 brought us a good blend of challenges and opportunities. It was also eventful for us because we celebrated 10 years of successful business operations in India and commissioned our own manufacturing plant at Aurangabad.

Obviously we had moments to cheer about. Yet the year became all the more challenging for everyone because of Government's unprecedented move of demonetisation, which brought sudden lull in the market. Nevertheless, economy kept crawling and it would surely become strong in the days to come.

We are proud to be associated with Indian manufacturing industry and we have registered a sizable growth year on year in India. Even though the growth of the cutting tool industry has slowed down a little in the past few years globally, we at MMCI had a pleasant journey accomplishing a double digit growth last year.

We intend to continue it for next couple of years. On long term basis, we see good growth opportunities for the cutting tools business in India. We also expect India to contribute a lot to MMC's global growth.

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