White Organic Agro has received its board’s approval to form wholly owned subsidiary company in the United Arab Emirates. The board has also approved the investment in the said subsidiary up to AED 15 Million. Aforementioned strategic expansion has been approved to strengthen the future Organic exports business of the company and strengthen the global presence of the company in organic sector.
White Organic Agro (formerly White Diamond Industries) along with its subsidiary is engaged in business of trading in cut and polished diamonds, and real estate and infrastructure. It has announced changes in objects of the company from Diamond Industry to Organic Agricultural activities, change in objects and name of subsidiary to White Organic Retail.