Amira Foods closed rice deal worth US$30mn in Bangladesh

Recently Bangladesh had shown interest in purchasing rice from world market as they are short of grains this year Amira Foods India Ltd, the largest Indian held Rice Company, has bagged a rice deal in Bangladesh. According to the deal, Amira Foods will supply 60,000 MT of rice to Bangladesh worth USD 30 Million. The Tender is awarded by The Government of Peoples Republic of Bangladesh. Amira Foods won the tender by offering the lowest bid. Commenting on the deal, Mr. Karan A Chanana, Group MD, Amira Group, said “This is one of the important deals for Amira Foods in recent time. We participated in the bid process and won with quoting the lowest price. Recently Bangladesh had shown interest in purchasing rice from world market as they are short of grains this year. Looking at not so good rice production in India, we will have to source rice from other countries as well. As we believe that the world should connect through the language of food, we are here to export rice to the countries who need it” Although rice production in India is estimated to rise by 6 per cent, it will not be good enough to export. So, for the execution of contract, Amira Foods will source rice from countries like Vietnam, Thailand and Pakistan. Amira Foods Ltd is a leader in Agro commodities in India and is the leading exporter of basmati rice. The Amira Group was founded by late Shri. Karam Chand Chanana as a modest venture in the agro-commodities trade in 1915. Taking the business legacy forward under the stewardship of Shri Karan A Chanana, the Group Managing Director, Amira Foods India limited received the prestigious status of ‘Global Growth Company’ from the World Economic Forum. The Amira brand has established a reputation for fair trade practices. Quality products, honest pricing and the assurance of customer satisfaction have been the guiding philosophy to grow the brand.