Raw material procurement and due diligence

Company has supplier base of total 500 plus material suppliers. Out of this, around 350 were local suppliers. In line with our focussed endeavour to boost local economy, reduce logistic complexities, minimise transportation and associated environmental impacts, we promote local procurement and source raw materials locally, to the maximum extent, but it needs to import some of the specialized raw materials as there is no local alternative.

As a part of due diligence with respect to its raw material supply, company has introduced mechanism to evaluate local vendors based on various criteria such as compliance with statutory requirements, environment management system, safety management system, sourcing from conflict region etc.