GRM Overseas (GRM) has received its first order from the Ministry of Agricultural, Fisheries Wealth & Water Resources, Sultanate of Oman, to supply 4,500 MT of Premium basmati rice. The order is worth Rs 46.5 crore. The government entities in MENA region opens a significant target market for GRM Overseas with around total size of 7,00,000 MT plus import of Basmati Rice.
MENA region is the largest importer of Basmati Rice, having a lion’s share around 78% of the total exports from India in FY23, while Europe contributes 6.9% and USA plus Canada contribute 6.6% (FY23). GRM Overseas has positioned itself strategically, as 95% of its export business is to the MENA region and has established itself as among the top 5 Basmati Rice exporters in MENA region.
GRM Overseas is presently engaged in the business of processing and sale of rice.
