Delhi firm to export basmati to Africa, Middle East | SupportBiz

In Brief

Delhi firm to export basmati to Africa, Middle East

 
Basmati rice exporter Radikal Overseas from New Delhi is targeting a turnover of Rs.1,000 crore this fiscal, looking at new markets in Africa, Iran, Iraq and other countries, said Uday Y. Nayak, senior general manager, sales and marketing.

He said that, the firm is exporting basmati rice to over 50 countries and plan to increase that number by looking at Africa, Iran, Iraq and other nations. Around 75 percent of the company's revenue of Rs.600 crore is contributed by exports, and the balance by the domestic market.

Nayak said the blended realisation (full and broken rice) is around Rs.60/kg.

Speaking about the company’s future plans for Indian market, Nayak said the company would expand into tier 2/3 cities as it already has good presence in modern and traditional retail outlets. The company will also enter the market with a new range of food products.