GRM Overseas’ subsidiary -- GRM Foodkraft has entered into a Memorandum of Understanding (MOU) with Spencer’s Retail to place its Products in Spencer’s Stores. GRM Products will be available in 155 stores of Spencer’s Retail across the country, under B2C category. The partnership with Spencer’s Retail will further strengthen GRM presence and maximize its reach in domestic market and is expected to drive the top line growth and market share in the coming years.
This is an important breakthrough for GRM since Spencer’s Retail has stringent prequalification requirements for approval of its suppliers / vendors for purchasing any Products. Spencer’s approval demonstrates GRM Product quality, safety standard and compliance with domestic requirements and regulations.
GRM Overseas is presently engaged in the business of processing and sale of rice.
