34 Working with local suppliers We are consciously working on mitigating risks, learning from the challenges faced during the peak of the pandemic, with a clear goal of making the procurement process sustainable to reliably meet customer expectations. The aim is to spread our risk by simultaneously cultivating local suppliers for our key projects. The plan is to de-risk up to 30% of our key projects with 100% of the requirements getting met locally. An additional 30% of the projects would be supported with 50% of supplies getting procured from local suppliers. A similar shift is proposed in the area of capital equipment procurement, where close to 55% of our procurement would be 100% sourced from local sources. Vendor Mix for Direct Procurement Proposed Vendor Mix for Direct Procurement 100% Domestic Overseas and Domestic 100% Overseas Vendors 100% Domestic Overseas and Domestic 100% Overseas Vendors 1 2 3 4 5 6 7 8 0 Overseas Vendors Today, we are heavily dependent on overseas vendors for direct procurement Looking ahead we are taking steps to de-risk our supply chain by cultivating more local relationships with vendors Overseas Vendors 2021 2022
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