Binani Industries Ltd is an Indian business group based in Mumbai. It is a 143-year old business conglomerate and belongs to the legendary Braj Binani Group. The business portfolio of Binani Industries includes sectors like cement, zinc, glass-fiber, and downstream composite products.

Can we draw the following conclusion?
India has profitable cement, zinc, glass-fiber, and downstream composite products businesses because they are based in Mumbai.

Options are:
 -- Yes.
 -- It's impossible to say.
 -- No.
It's impossible to say