SME Times is powered by   
Search News
Just in:   • Global cues, volatility pull equity indices down, banking stocks slip  • Biden plays down chances of UK-US trade pact  • Govt launches single window clearance portal  • Need to continue labour, product markets reforms: Shaktikanta  • Air India CMD Bansal appointed Civil Aviation Secretary 
Last updated: 27 Sep, 2014  

Exports.9.thmb.jpg Delhi firm to export basmati rice to Africa, Middle East

Rice agric
   Top Stories
» Govt launches single window clearance portal
» Need to continue labour, product markets reforms: Shaktikanta
» FDI inflows up 62% during first four months of FY22
» India, UAE commence negotiations for CEPA
» Govt aiming for $400 bn merchandise exports in FY 21
SME Times News Bureau | 18 Apr, 2013
New Delhi-based basmati rice exporter Radikal Overseas is targeting a turnover of Rs.1,000 crore this fiscal, looking at new markets in Africa, Iran, Iraq and other countries, said a senior official here Wednesday.

"We are exporting basmati rice to over 50 countries and plan to increase that number by looking at Africa, Iran, Iraq and other nations," Uday Y. Nayak, senior general manager, sales and marketing, told reporters here Wednesday.

According to him, 75 percent of the company's revenue of Rs.600 crore is contributed by exports, and the balance by the domestic market.

Cagey about sharing company's sales volume, Nayak said the blended realisation (full and broken rice) is around Rs.60/kg.

Speaking about plans for the domestic market, Nayak said the company would expand into tier 2/3 cities as it already has good presence in modern and traditional retail outlets in major Indian cities.

He said the company would also enter the market with a new range of food products.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 23 Sep, 2021
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» Rajasthan the most unemployed state after Haryana(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter