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.
Recently acquired Green Point Pte, based in Singapore, serves as a gateway to the growing global market for rice and rice-based products. This order further strengthens Sarveshwar Foods position, with the global rice-based products market expected to grow from USD 226.36 billion in 2023 to USD 361.41 billion by 2031, driven by increasing demand for gluten-free alternatives.
The rising prevalence of celiac disease and gluten intolerance, coupled with growing awareness of the health benefits of rice-based products, such as low fat and high fibre, is fuelling global demand. Green Point Pte. Ltd. is strategically positioned to capture significant market share in this rapidly expanding sector. "We are excited about this significant order and the promising outlook for Green Point's contribution to our global business. With our focus on high-quality rice-based products and the growing preference for gluten-free diets, we are confident in achieving our Rs. 2000 Million target this year for this Singapore Subsidiary," said Mr. Rohit Gupta, Chairman, Sarveshwar Group, "and overall turnover of Rs. 10,000 Million (Rs. 1000 Crores) business for the Sarveshwar Foods Limited, taken its subsidiaries business together, for FY 2024-25, and that too with good margins."
Sarveshwar Foods is committed to expanding its business further and capitalizing on emerging market trends. As demand for rice-based products continues to rise worldwide, Sarveshwar Foods is well-positioned to leverage its expertise and infrastructure to lead the way in both the domestic and global rice export industry. |
