director, while commenting on the current year's working at the annual meeting ?
What could be the real motive behind the press statement ? The tail end of the statement may provide the clue : "If additional relief in excise duty is not granted to smaller units, it may not be possible for smaller units to continue giving yarn to weavers and for export at present concessional rates". The management's real object thus seems to have been to pressurise Government by holding out a threat of stoppage of supplies to weavers and exporters. Rather building up production in the manner required, and a great part of the loss of production in your factory can be ascribed to circumstances over which the company had no control. Apart from rises in cost of materials, shortfall of production has been the major factor responsible for the poor showing.
