Sarveshwar Foods wins export bid through government’s nodal agency NAFED
NAFED is an apex government organization of marketing cooperatives for agricultural produce in India.
FMCG company Sarveshwar Foods has won a Rs 50 crore bid to export white rice to Africa. According to an exchange filing, the order to supply 90,000 quintals of premium rice has been awarded by the government’s nodal agency National Agricultural Cooperative Marketing Federation of India Ltd.(NAFED).
NAFED is an apex government organization of marketing cooperatives for agricultural produce in India.
"Award of these prestigious bids in favour of Sarveshwar Food, not only highlights its supply chain management prowess, both in terms of quantity and quality, but also reinforces its market leader positioning in delivering international standards quality rice in bulk," the company said in an exchange filing.
Earlier, Sarveshwar Foods Limited expanded its footprint with the launch of two more 'SFL-Choupals' (Procurement Facilitation Centres). These centres will strengthen the company's procurement channel further. The company said that they are being set up in Kulgam and Doda to procure Walnuts, Rajma, Apple, Black Morels (Gucchi), Kala Jeera and other authentic Himalayan Delights directly from Farmers.
The company is engaged in the business of manufacturing, trading, processing, and marketing of branded and un-branded basmati and non-basmati rice in the domestic and international markets.
Earlier, the company said it is also expanding its footprints in Punjab and Delhi NCR region. As part of the expansion, the company is opening its signature NIMBARK Organic Stores.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 5 mid cap mutual funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Exclusive: Sebi reviews authorised person regulations; discusses minimum qualification, NISM certification and deposit amount criteria
SIP Investment: Can Rs 70/day savings help you build Rs 6 crore corpus? Understand calculations for 10, 20, 30, and 40 years at 13%, 14%, and 15% return
Stocks To Buy For 2 Weeks: Axis Direct recommends buying these stocks for 5-15 day; check targets, stop losses
EPF vs SIP vs PPF: Which can help generate highest retirement corpus on Rs 11,000 monthly investment in 30 years?
12:24 PM IST