Business Update9 Feb 2024, 06:02 pm
Sakuma Exports Limited Enters Maize Procurement Business with Projected Turnover of Upto Rs 500 Crores
AI Summary
Sakuma Exports Limited, a government recognized star trading house, has announced its foray into the maize procurement business with an allocated capital of upto Rs 50 crores. The company aims to initiate direct procurement from farmers in Eastern India, commencing this April-May 2024 procurement season. With this strategic move, the company targets a projected turnover of upto Rs 500 crores, underscoring its ambition and confidence in the success of this venture.,
Key Highlights
- Entering the maize procurement business
- Allocated capital of upto Rs 50 crores
- Direct procurement from farmers in Eastern India
- Projected turnover of upto Rs 500 crores
- Long-term vision for sustainable development and economic growth