Sarveshwar Foods’ subsidiary -- Green Point Pte., Singapore, has signed a Memorandum of Understanding (MoU) with Indian Rice Exporters Federation (IREF). Under this MoU, both parties have expressed their intent to explore potential commercial arrangements for the procurement and export of 50,000 metric tons of Indian rice million, valued at around $19.8 million (Rs 173.9 crore) on a CFR basis. The proposed procurement includes 40,000 Metric Tons of Indian Parboiled Rice and 10,000 Metric Tons of Indian White Rice.
The shipments are intended for key global destinations including UAE, Saudi Arabia, Iraq, USA, Cote d’lvoire, China, UK, Benin, South Africa, Senegal, Kenya, Cameroon, and the Netherlands, highlighting the growing international demand for high-quality Indian rice.
Sarveshwar Foods is engaged in the business of processing and marketing of branded and un-branded basmati and non-basmati rice in the domestic and international markets.
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