Deals26 Nov 2024, 10:15 pm
Sarveshwar Foods' Singapore Subsidiary Secures 12,000 MT Order, Eyes Rs. 2000 Million Annual Revenue
AI Summary
Sarveshwar Foods Limited announces that its wholly owned subsidiary, Green Point Pte. Limited, Singapore, has secured a major order to supply 12,000 MT of premium Indian Long Grain Parboiled rice, valued at approximately Rs. 445 million. This order is part of the subsidiary's strategic drive to achieve over Rs. 2000 Million business during the current fiscal year. Green Point Pte. Ltd. is strategically positioned to capture significant market share in the rapidly expanding global rice-based products market.
Key Highlights
- Sarveshwar Foods' Singapore subsidiary secures a 12,000 MT order of Indian Long Grain Parboiled Rice.
- The order is valued at approximately Rs. 445 million.
- This order is part of the subsidiary's strategy to achieve over Rs. 2000 Million business during the current fiscal year.
- Green Point Pte. Ltd. is strategically positioned to capture significant market share in the global rice-based products market.
- The global rice-based products market is expected to grow from USD 226.36 billion in 2023 to USD 361.41 billion by 2031.