 for taking our time and being a part of our celebrations. Thank you, Honourable Prime Minister Sir. Honourable Prime Minister Sir, with all the very distinguished dignitaries and special invitees present with us in this August gathering, ladies and gentlemen. With great delight and pleasure, I welcome you all in this very momentous occasion on the centenary celebration of Kaloskar Brothers Limited. And as many of you might be aware, the very first product of KBL was the iron plow, which later became a symbol and an icon of reform, completely revolutionizing the agriculture sector in the country. And it is so very befitting that as KBL celebrates its 10 glorious decades of in-cooperation, leading the celebrations and blessing us is the present icon of reform, who with its very decisive leadership and its selfless dedication and service to this nation is transforming and shaping a new progressive India, an India of 1.25 billion people. Thank you, Honourable Prime Minister Sir. Your presence has indeed magnified and dignified this presence on behalf of the entire Kaloskar family and present here. We thank you for gracing the occasion. And ladies and gentlemen, as KBL steps into this new year, in fact, it steps into a new decade, celebrating the past, heralding the present with a gauge to the future. May I, at the very outset, request Mr. Sanjay Kaloskar, who is leading the company as the Chairman and Managing Director, who's taken the company to greater heights, made it as a global brand. In fact, ladies and gentlemen, the company today is among the top 10 in the fluid management space. So I request Mr. Sanjay Kaloskar to kindly share the vision and also open the celebrations with his address. Ladies and gentlemen, Mr. Sanjay Kaloskar. Prime Minister Srinarena Modi, dignitaries, colleagues, and friends, I'm truly honoured to have you, Modiji, and everyone present here today to witness this momentous occasion in the journey of Kaloskar Brothers Limited. The completion of 100 years as a public limited company. Ours is a company that was born of commitment to enhance productivity and enrich lives, to prove India's capabilities against the best in the world, and doing so to contribute silently to India's progress and growth as a nation, both before as well as after independence. It all began in 1901 when our founder, Shri Lakshman Rao Kaloskar, laid the foundations of India's first engineering brand with the chaff cutter, his vision, and the vision of those who came after him, Shri Shantanu Rao Kaloskar and Shri Chandrakant Kaloskar, consistently anticipated and met the needs of Indian agriculture and industry with innovative and high performance products. It's worth noting that before independence, when the rulers curb manufacturing in India by imposing very high import duties on components, KBL found ways to make machines that were cheaper and better than the foreign machines which were promoted in India at that time. In a remarkable turnaround, today Kaloskar Brothers is Britain's largest pump manufacturer through our subsidiary, SPP pumps limited. KBL's pioneering products are a part of industry legend. Among other things, India's first centrifugal pump, machine tool, diesel engine, electric motor, and air compressor all came out of our historic Kaloskar Badi factory. We're proud that our history of first established India's engineering credentials in the world. And true to the values of our company, we are thankful that we could contribute to India's landmark green revolution. The idea of Swadeshi, propounded in the pre-independence era, by leaders like Lotman and Bal Gangadhar Tillak, who appreciated our contribution to India's industrialization, stands true even today. Our current leaders, including our honorable Prime Minister, are great proponents of that very Swadeshi spirit that Kaloskar Brothers has espoused for more than a century. Over the years, Kaloskar Brothers has helmed some of the countries and the world's most important projects. In India, KBL's pumps provide drinking water to more than 35% of India's population and water to more than 60% of India's irrigated land. KBL powers one of the world's largest pumping schemes at Sardar Saroval Narmada Nagam in Gujarat, providing drinking water to more than 30 million people. KBL's pumps are used across the country's nuclear program, including helping to set up our heavy water plants as well as the fast breeder nuclear reactors at a time when India was under US sanctions. Our mission is to ensure that in our field, India is self-reliant in all core sectors and strategic areas. Today, India can rely on an Indian company for pumps across all its core sectors, power, oil and gas, industry, building and construction, municipal water, irrigation, marine and defense, as well as retail. So do many other governments around the world. As for our presence around the world, thanks to the government of India's self-sufficiency program, it is KBL that manufactures the largest variety of centrifugal pumps in the world across varied applications. KBL's pumps are a part of the world's largest nuclear fusion reactor project, the International Thermonuclear Experimental Reactor, or ITER, in France. We are proud of our role in helping Senegal and Laos achieve food security, moving them from being importers of food to exporters of rice. KBL has also contributed significantly to the greening of Egypt's deserts. Most of the world's iconic buildings today trust KBL for the critical firefighting application. We have grown into an Indian MNC with manufacturing facilities on four continents, in the United States and North America, in the United Kingdom and Netherlands in Europe, South Africa and Thailand, with sales to over 165 countries across the globe. KBL's vision, however, has always gone beyond company building to nation building. We have established all our factories in rural areas, generating employment and helping to uplift communities. We've also helped develop and support a very strong MSME base in these areas. Today, even our global competitors come across the world to do business with our vendors. Women empowerment is a core value in KBL. It was ingrained in us when my grandmother established Mylaudio Glimiter in 1958 to create employment for destitute women. We now have the world's only pump manufacturing plant managed and run entirely by women in Kanyur Tamil Nadu. We are humbled that in times of need, it is KBL whom governments turn to for support, whether it is helping to save a young football team trapped in a cave in Thailand, or flood management and rescue operations in Kerala, Maharashtra or Meghalaya. As we look ahead to the next 100 years, we will continue to keep India at the cutting edge of technology. We already have the world's largest 3D printer for pump manufacturing. Our factories have IoT enabled machines and we manufacture IoT enabled pumps. We've incorporated augmented reality and virtual reality technology into our systems more than five years ago, enabling self diagnostics and predictive maintenance, which is critical for many industries that we are a part of. We have future ready design centers in Kerala, the United Kingdom and the Netherlands. Throughout our journey, right from independence, it has been KBL's honor to receive the support and encouragement of the government of India. For this, I must express my deep gratitude to our country and its leaders. As we stand here today chasing the vision of a five trillion dollar economy and emerging as a new superpower, as is the vision of our honorable prime minister, we will rely even more on our intrinsic value system to enhance our contribution to nation building, our new KBL's commitment to our nation and to all those who invest their trust in us, our shareholders, employees, partners, as well as customers. And I look forward, along with many other Indian companies, to helping propel our great nation along the growth trajectory into the future. Thank you. Thank you very much, sir, for sharing with us the impressive footprints, in fact, the green footprints which KBL has casted, the futuristic vision. And as the company now stands to be further committed to be contributing towards India becoming a five trillion dollar economy by 2024. Thank you, sir. And on this occasion, ladies and gentlemen, we now have the release of a book which is a tribute to the visionary founder, Shri Lakshman Rao Kaloska, as I request the honorable prime minister to release the book. May I request Mr. Sanjay Kaloska to please escort the honorable prime minister here on the desk. May also request Mrs. Pratima Kaloska, Mr. Alok Kaloska, Mr. Ramakaloska to please join us. And requesting now Mr. Sanjay Kaloska to kindly present the book to the honorable prime minister for the release. This book, ladies and gentlemen, as released, is entitled Yantric Ki Yatra. This is a Hindi translation of the biography of the founder, Shri Lakshman Rao Kaloska. His grit, his determination, self-belief, and an equal commitment for contributing to social good and national interests led to the foundation of Kaloska Brothers, which continues to grow stronger and bigger even after a hundred years. This book, ladies and gentlemen, is a very fascinating narrative of this extraordinary man and the events that led to the shaping of the Kaloska group. And must be mentioned here that this book will be distributed to thousands of schools across the country to inspire the next generation of entrepreneurs. On this occasion, we also have the release of the customized My Stamp. May I request Mr. Vishwa Pavanpati, the additional director general department of post to please present the first album to the Honorable Prime Minister for the release. Ladies and gentlemen, this stamp commemorates the 100th year of registration of Kaloska Brothers Ltd. It marks a significant milestone in the company's journey of innovation, achievement and nation building and sums up the legacy of KBL for the past 100 years. Thank you. Thank you, Mr. Patti. And, ladies and gentlemen, as all of us are really honored to have the Honorable Prime Minister, may I request Mr. Sanjeev Kaloskar also to present Special Memento as a token of our appreciation and gratitude to the Honorable Prime Minister. This, ladies and gentlemen, is a handcrafted 24-carat gold replica of the three stamps earlier released by the Government of India. The first stamp was released in 1969 to honor the founder of KBL, Shri Lakshman Rao Kaloskar. The second stamp was released in 1989 to commemorate the centenary year of KBL's inception and the third was released in 2003 on the occasion of Shri Esel Kaloskar's birth centenary. All have been coming together in this Special Memento which we have presented to the Honorable Prime Minister. And now, ladies and gentlemen, as we eagerly await the message of our Honorable Prime Minister, I take the privilege and honor of requesting the Prime Minister to please address the August cantering. Thank you. Thank you. Thank you. The biography of Mr. Lakshman Rao and his name is also very well-known. The journey of Yantric and his promotion is also a good thing for me. And I also believe that the importance of his journey will continue to inspire the youth of India for innovation and enterprise spirit. Friends, the feeling of going through something and the feeling of taking the risk and the feeling of investing in new areas is the identity of every Indian nation. India's nation is a great nation for the development of the country. For the development of our powers and for the development of success, you will think that today, when the economy and the company are coming to know about the value of our economy in a different way, then how am I saying this with so much faith? Friends, my faith is on the India-India world, on all of you. To change the circumstances, to overcome every challenge, the desire that needs to be achieved is in the blood of the India-India world. And that is why today, when we are entering a new year, when we are entering a new decade, I have no doubt that this decade will be of the Indian-Indians and of the Indian-Indian entrepreneurs. Along with this decade, the goal of five trillion dollars is huge. Our dreams are bigger. Our hopes are bigger. Our goals are bigger. And that is why, after 2014, the country has been trying to prevent the dreams of the Indian-Indian world from facing any obstacle. During this time, every decision, every action behind it, one thing is that, the Indian-Indian entrepreneurs face every obstacle, every kind of obstacle, for that, a better business environment should be created for the people of Satya-Desh. Their true intention can only come to light when the government, the Indian-Indians and the Indian-Indians are standing as their allies instead of as their friends. In the last few years, the country has taken the same path. In the last few years, the country has reformed with intent, performed with integrity, transformed with intensity, tried to give process-driven and professional governance. The problems of the Indian-Indian world have been solved. They have been trying to get rid of them. These days, Insolvency and Bankruptcy Code, there is so much discussion but it is only that much money has come back and so much money has come back. There is a limit to that. But it is further than that. You all know better that in some situations, it is considered reasonable to get out of the business. It is not necessary that the company that is not successful has some conspiracy behind it, some wrong intentions, some greed behind it. It is not necessary. In the country, it was necessary to get a solution for such insolvencies. And the IBC decided on this. If not today, then tomorrow, it will be necessary that IBC has saved so many Indian insolvencies. They have always stopped them from being destroyed. Friends, in the tax system of India, what kind of weaknesses were there before? You are well aware of this. Inspector Raj, in tax and policy, in policy, Brahms and in different states, have put a brake on the speed of the Indian economy. The country has also removed this brake. In our tax system, transparency has come, efficiency has come, accountability has increased, between the tax payer and tax department, the human interface has ended. For this, a new system is being implemented. Today, in the country, corporate tax and corporate tax rate is as low as before. Such as goods and services tax reform or public sector bank reform, their demands have been there for a long time. Everyone has asked for it. All of this has been true today. So, because of this the Indian industry should be removed from every position. It should be given every opportunity of destruction. Friends, some people feel that the Indian government is taking a stone behind the Udiyami. Some are against the government and some are against the Indian industry. I think this is a big problem. The Indian industry should be built in a 15 year environment without fear, without obstacles. We should create wealth for the country and for ourselves. This is what we are trying to do. This is what we are trying to do. We are trying to free the Indian industry from the law. In the country more than 1,500 old laws have been destroyed due to this. For small technical issues related to the company law on the Udiyami there were criminal prosecutions. I don't want to go into this. Now, many such mistakes have been decriminalised. The labour courts are also trying to simplify the labour compliance. The benefit of which industry and workforce will be both. To strengthen the Indian industry along with the long term solution is being done. There are such decisions being taken that will not only benefit the people who are coming in the country but also who are working with the government and the government. The environment is being shown in the country. This environment is trying to make the country better. And it has given the opportunity to invest more than 100,000 crore rupees for the infrastructure of the 21st century for the ease of living of the people and to invest on the human capital of the country. The work is going on on every corner and the work is being done and transforming with intensity. It is also visible in the corners. The result of the work is that in just 5 years in the ease of doing business ranking there is a improvement of 79 ranks. To give innovation the speed in the country is the same. In just 5 years in the Global Innovation Index there is a 20 rank improvement. I think for many years in the top 10 countries of the world there is a great advantage of India. Friends, in the past few years there has been a very important transformation in the country. This transformation has been a sign of youth. Today, the youth of the country is coming with new ideas and new business models. Now, the time is passing when the industry has some special sectors like communities, mining heavy engineering and mining. Today, the youth of the country is giving new sectors as well. Especially in the small cities of the country these young people are getting big goals. Friends, there was a time when it used to be when Bombay used to do business interests. Today, if there is a club it will be called the Indian club in which in different areas, in different sectors, in different sectors, in different sectors, in different sectors, in different sectors, in different sectors, it will be a very good example. And that is why the influence of India the influence of the Indian leaders if someone is making a mistake then they are making a mistake. In the beginning of the 90th year today, from this month I will tell the Indian leaders again not to let the disappointment move forward with new energy for your own business you will go to any corner of the country the Indian government will get together with you and leave. Yes, what will be your path? What should happen? In this regard, I would like to share with you the story of Mr. Lakshman Rao one of the players who according to the needs of India used technology and took up the role of the machine the needs of the country and with that this thought of India's development and the development of the Indian industry will make us zero defects and we will be able to make the product of the 20th century only then we will be able to increase the export we will be able to expand our business we will be thinking about Indian solutions and global applications According to that we will have to take our own ideas into action I would like to talk about the financial transaction and the LED bulb of India today India wants high banking transactions and we want to see the better use of technology in just 3 years the increased network of UPI has completed today's situation is that 24 hours 7 days India is doing online transaction today BIM App has become a big brand in the financial year of 2018-2019 UPI had a transaction of 9 lakh crore rupees in this year till December approximately 15 lakh crore rupees of LND has been done through UPI you can imagine how quickly the country is using digital LND friends the country needed such a solution which should be spent less more money and its price should be less this is the reason that Ujjala Ujjala was born to increase the LND manufacturing the necessary steps were taken the changes were made in the policies the price was less and once people experienced the benefits the demand also increased yesterday we are all happy that in this country more than 36 crore LND has been distributed not only this the traditional streetlight system of the country has been being programmed for 5 years under this more than 1 crore LND streetlight has been installed with both these efforts approximately 5500 crore kilowatt hour electricity is being saved every year each year the electricity spending is decreasing and the emission of carbon dioxide is also decreasing we are all happy that innovations from India whether it is UPI or Ujjjala for many countries of the world they are becoming the source of production friends such success stories our making India is the power of our industrial world such success stories I want in every region of Ujjjala life is a mission renewable energy electric mobility disaster management defense in every sector for you many success stories are waiting for you Government is with you in every way with every need you take full advantage of this environment keep innovating keep investing in government service keep giving your support with the same effort I will finish my talk and once again to the community of Kirloskar to the family of Kirloskar I give you many good deeds I give you many good deeds I give you many good deeds I give you many good deeds I give you many good deeds I give you many good deeds Thank you very much Thank you very much Prime Minister your thoughts, your wishes to make India again to make Vishwa Guru here to do our favor in your faith in your support in this message in this message in this message I thank you very much the spirit of entrepreneurship and innovation on and continue to work towards nation building Thank you very much Let's join us ladies and gentlemen once again thanking Prime Minister thank you very much for your good deeds For their good intentions for their unforeseen nation for their unforeseen nation