Sarveshwar Foods Receives In-Principle Approval for 3197.29 Crore Integrated Basmati Cluster Development Project in Jammu & Kashmir

Sarveshwar Foods Limited, a leading Basmati rice processor and exporter, has received In-Principal Approval from the Jammu & Kashmir Horticulture Produce Marketing & Processing Corporation (JKHPMC) for a large-scale Integrated Basmati Cluster Development Project. The project, valued at 3197.29 crore, aims to transform the Basmati value chain in Jammu & Kashmir, from seed to market. It will establish modern infrastructure for pre-production, post-harvest management, value addition, state-of-the-art processing facilities, branding, logistics, and marketing linkages. The project will significantly elevate the quality, scale, and global competitiveness of Jammu’s world-renowned Basmati varieties, and directly benefit farmers by increasing yields, lowering production costs, ensuring access to high-demand markets, providing better storage, aggregation, and processing systems, and boosting rural employment and entrepreneurship opportunities. The project will be funded through a mix of equity, term loans, and HADP financial assistance, and will cover 91,254 hectares under Basmati (B370), 36,623 hectares under CSR 30, and 52,229 hectares under PB 1121 / PB 1501 and other premium varieties.