Pavas Pethia

I have two questions, one is regarding this branded supply, if I look at your slide 7 where there you are saying that 5 % to 6% CAGR of growth, but if I look at the growth plans of peers, everybody is talking about double digit management contract growth, so how is this fresh supply coming for you guys when the physical asset creation is limited?

I understand your supply graph , I have seen that you are almost doubling your management contract, but my question is the fresh supply is not coming, how you are kind of ending up with the disproportionate share of the supply growth?

And secondly, continuing with the Shaleen question, you are currently when you sign a management contract, you only capture one-fifth or one-sixth of the potential EBITDA, why not grow and say you have the cash flows, you have the balance sheet in effect creation or acquiring some of these contracts? What you want me to do?