as a luxury product. Our stand has been that basic sanitaryware isnot a luxury product, but a utility product for the common man.Even after 60 years of independence, there is almost 40% of population, which is in need of access to proper sanitationfacilities. The government policy of not treating sanitaryware as aluxury product by reducing excise duty can go a long way in promoting sanitation. A lot of diseases are spread due to improper sanitation. Thus. Proper sanitation in turn can help governmentsave on its health related spends.The Company's principal activities are to manufacture and sellsanitaryware and glazed tiles. The Company product includesceramic sinks, wash basins, wash basin pedestals, baths, bidets,water closet pans, flushing cisterns, urinals and similar sanitaryfixtures.The growth of Ceramic/Sanitaryware industry entirely depends onallied sectors like housing/real estate, Government quadrilateral projects, N-E-W-S-Corridor all performing well ahead and isexpected to post a healthy growth in 2004-05. The restoration of natural gas and recent new gas finds would also bring cheer to theindustry players and R-LNG would play a vital role in reducing thefuel cost.