Vineet Joshi

So, my question is that, are we considering moving Parador manufacturing to low -cost manufacturing location like India, especially in the wake of India-EU trade deal? Will it really help us to reduce our cost structure? Second question is around the debt-to-equity ratio.

Yes, thanks. Also, I wanted to ask about the right to win for PVC pipes?

One more thing, how does the consolidation BirlaNu brand help in this case? For example, earlier we had standalone businesses, now we have clubbed all of them under BirlaNu brand. So, does that help the cause for the PVC pipe segment?