Technology Can Transform Indian Agriculture: Dr. Malini Saba

Malini Saba

26 November, 2019 12:00 AM IST

A successful businesswoman and philanthropist, Dr. Malini Saba has been at the forefront of women’s rights and positively impacting the lives of low income and at-risk women and children worldwide. Growing up in South East Asia, her biggest interest was in the empowerment of women struggling for human rights, health and economic stability. Dr. Saba runs a nonprofit organization, SABA Family Foundations. As the Chairman of ‘SFF’ she started multiple initiatives on changing the way women in poverty viewed themselves and their role in society. Saba Family Foundation was involved in several critical projects over a period of few years. Krishi Jagran interacted with Dr. Saba, Founder & Chairman, Saba Industries & Saba Family Foundations.

What are the major working areas, product range & focus of Saba Industries?

Saba Industries has an affinity towards the agriculture and trades in the business of rice and natural resources, exporting 9, 000,000 tons of rice worldwide. The Group is a manufacturer and distributor of Basmati 1121, White rice, Jasmine and fragrant rice throughout the regions of Southeast Asia, parts of Africa and the Middle East. Saba Industries has a strong foothold in palm land in Malaysia and Indonesia. Oil is utilized for preparing cooking oil, soap and other consumer items.

The agriculture arm of the group enthusiastically employs internationally approved environmental guidelines in all their ventures for a principled growth.

Saba Industries is a lucrative and sustaining group of companies and organizations, Moreover, the multifaceted nature of this group of industries helps their respective sectors at the ground-level by employing almost 3,750 local workers as well as acts as a funding agency for the endeavors undertaken by Saba Family Foundation. The aim of the foundation is to help at least one billion people around the world to gain access to basic healthcare, provide education and opportunities that allow them to break the cycle of poverty, and eradicate illiteracy about human right issues.

What is  Your Agriculture Business Model?

Agriculture is a very important sector as far as the food is concerned. This sector is very much dependent on Mother Nature, but it is that era where we can master the skills and perform well. As per our model, we work with the farmers and the distributors. We strongly believe that it is very important to empower the farmers we work with because they are the ones, who feed the world. We provide infrastructure and technology to the farm ers to enable them to increase their production. The less time they spend on the field harvesting, the quicker they can sell their product; and therefore, they can reinvest their time and money in the next crop. This also helps to improve crop production as well as crop yield.

What are the Impacts of Globalization on Indian farmer?

Indian Society is drastically changing after globalization has brought a lot of changes in the Indian culture. Economic policies have a direct impact in shaping the structural framework of economy. Economic policies formulated and executed by the government, have also played an important role in determination of levels of income, savings, investments and employment in the society. It will be a mistake to assume that India can evaluate an effective mechanism for economic reforms and it will be difficult for India to adopt with global changes without dealing with domestic problems like control of terrorism, providing employment to rural educated people, and work for the rural poor, empowering women and marginalized people and providing reasonable price and market facilities for the farmers. Global changes are operating on many new areas of conflict and cooperation for India and we can achieve a new level of integration of Indian economy with world markets on the basis of protection of our own national interest.

How Do You  Suggest Indian Farmers to cope up with International Market?

India has made immense progress towards achieving food security. Its population has tripled, but food-grain production has more than quadrupled; there has thus been a substantial increase in available food-grain per capital.

The public-private partnership model could be just the game-changer of the India’s agricultural sector needs. By drawing on the collective power of all agricultural stakeholders, PPPs can transform the sector by Investing in smarter value chains, improving access to credit, technology and markets, Building farmer resilience to environmental shocks etc.

Where Indian Agriculture is Lacking on Global Standard & How to Address the Same?

Agriculture has been the backbone of human existence since time immemorial. It has also seen much advancement over the years. However, the agricultural practices carried out in India are still largely traditional. Indian agriculture technology have many limitations as compared to modern agricultural technologies around the world. Farmers are here the sole risk bearers of all the challenges that arise in the farming cycle. Be it lack of quality tools, erratic monsoons or pest outbreaks, farmers have to face it all without any risk mitigation among other stakeholders.

We live in a world where technology is at the heart of our everyday lives. Similar to the transformations in other sectors, I believe technology is sure to shape farming practices. Technology can transform Indian agriculture by addressing challenges related to quality, quantity, distribution and storage.

For more details, you can visit the following links:

sabaindustriesgroup.com

malinisaba.com

facebook.com/MaliniSaba/

instagram.com/malinisaba/

Business of Agriculture Magazine: Saba Industries

Business of Agriculture Magazine (India) interviews Saba Corporation Founder and Chairman Malini Saba.

 

Ms. Malini Saba

 

Publication:           Business of Agriculture Magazine

 

Headline:                Saba Industries

 

Language:              English

 

Edition:                   National

 

Page No:                 20, 21 & 22nd

 

About the Publication:

A Magazine on Business and Management of Agriculture. From a business standpoint, an agri-magazine dedicated at innovations and technology; the ‘business of agriculture’ – inputs, produce and post-harvest – will form the core of the magazine.

The Business of Agriculture
magazine interacted with
Asia’s emerging philanthropist,
Ms Malini Saba, a self-made
businesswoman, who has
helped millions of underserved
women, farmers and children in
South and Southeast Asia, South
America, Africa and the US. In
this interview, she provided us
with the insights of her company
and she is planning to expand her
business in India.

By Mandeep Kaur *

Please tell us about your journey of becoming a $1.5 billion company.
Our journey started 26 years ago. We started as an investor, and then we entered into a commodity business. Initially, we started this business with iron ore only and then slowly, we expanded our business into other metals and agriculture. During this journey, we endured failures, but with a sheer determination, we pulled ourselves out of it.

How did you conceive the idea of starting this company?
I wanted to work for myself. I had the vision to make enough to be comfortable and not to be dependent on anyone for income. Also, I have a passion for agricultural commodities, such as rice, and natural resources because they are essential for human existence. Being an entrepreneur, both success and failure are on your lap, but it is a fact that there is no success without failure. It is because of the hurdles and failures you learn the basics to build a true business on a solid foundation.

20 Business of Agriculture | January-February 2019 • Vol. V • Issue 1

Put some light on your agriculture business model?
Agriculture is a very important sector as far as the food is concerned. This sector is very much dependent on Mother Nature, but it is that era where we can master the skills and perform well. As per our model, we work with the farmers and the distributors. We strongly believe that it is very important
to empower the farmers we work with because they are the ones, who feed the world. We provide infrastructure and technology to the farmers to enable them to increase their production. The less time they spend on the field harvesting, the quicker they can sell their product; and therefore, they can reinvest their time and money in the next crop. This also helps to improve crop production as well as crop yield.

Saba Industry is exporting 5,00,000 tons of rice worldwide.
Please tell us about other agriculture commodities that you are trading.
In addition to rice, we also operate in palm oil, cashew and wheat businesses.

We use the same model for all the products.

Saba Industries is going to invest $100 million in the rice sector of India and Thailand. Why have you chosen India for this and what do you think would be the major challenges in this sector?
Agriculture is the most important sector of the Indian economy because India has a huge and vast agriculture space. India is known as a breadbasket and it is the world’s largest producer of pulses, rice, wheat, spices and other agriculture products. We feel that investing in India’s agriculture sector would help to streamline the system. One of the things we discovered in India is that the drying capacity is quite limited despite the presence of a number of mills. So, we are planning to install large dryers with good operational capacities. Also, our plan is to export rice by partnering with local farmers. Working with us would help farmers to have a quick turn-around from planting to harvest.

Agriculture
is the most
important
sector of the
Indian economy
because India
has a huge and
vast agriculture
space.

I think one of the major challenges would be to gain the trust of the farmers. Other than this, in countries like India, transportation and warehousing are the major challenges in the agriculture sector.

Saba Industries, the global exporter of agricultural commodities, is planning to enter warehousing and drying space in India’s rice sector. From which region of India, are you planning to start your first phase and what are your expansion plans?

We are planning to start our first phase in Uttar Pradesh. After Uttar Pradesh, we are planning to replicate the same model in Andhra Pradesh, West Bengal and other states over the next 18 to 24 months.

 

Will you be partnering with the Indian farmers as you did in other south-east Asian countries? How will you support farmers?

Yes, the only way to do this business is to partner directly with the farmers. We have various methods for doing this and it will depend on the farmer’s needs in particular states. We are aware that we will be working with farmers with different cultural backgrounds, we respect the cultural norms in each area and we also understand that we need to work within those perimeters.
We are planning to support farmers in India with free farm equipment and fertilisers. We will work on a model where we will procure their rice and we will get it processed at local mills.

What made you create success stories in these countries?

We have had a huge success in Cambodia and Vietnam. We followed practices like, we started by studying the terrain as we use to do before we embarked on any new jurisdiction. In these countries, we interacted with the local farmers and allowed them to educate us to understand their needs. After understanding their requirements, we provided necessary help and infrastructure to the farmers, because of which, they had a higher yield, better crops, and shorter harvest times.

Business of Agriculture | January-February 2019 • Vol. V • Issue 1 • 21

What has been the impact of your business model on the lives of farmers?
We help farmers to have better livelihoods. As per our agriculture model, we are partnering with the local farmers, so they directly get money from us. Our model also helps to reduce their debts. We identify all the possible reasons/causes of the farmer’s debts. We either try to help them settle their debts or enable them to have a better yield to make them self-sufficient.
Saba group encourages women to find opportunity in everything.

What are you doing for gender equality in the workplace and what do you think needs to be done?
We try to hire as many women as possible. We also encourage women employees to take further studies to better themselves to be able to earn more. We provide basic infrastructure to help them such as; our offices have childcare facilities, where women can bring their children along with them to the workplace. This way they don’t feel stressed and they can work better.
I feel women should be paid equally to men. I also believe that hiring a woman employed in management can bring a different balanced perspective to the work environment.

What was the idea behind starting a Saba family foundation? Please tell us about its vision.
Saba Family Foundation (SFF) began soon after I made my first million. I strongly believe in giving back to society. Moreover, I also have a special corner for women and

As per our
agriculture
model, we are
partnering
with the local
farmers, so they
directly get
money from us.

children. I grew up in a time when women were not holding high positions in work and there were very few entrepreneurs. SFF fought for women’s legal rights and health rights. We believe that if you help a woman you help the community and the nation.

She will always find a way to feed her baby. We were aware that education is the key; therefore we wanted to work with the partners who could enable women by educating them. At present, we are working with partners to push mandates and policy on bullying. This goes across gender as well as children in workplaces, schools and inside homes.

What is the global sentiment for commodity business?
The commodity sector was a hit in the past years and I believe it will further rise in the coming years.

What is the growth percentage of Saba Industries?
Over the last three years, our growth rate has been 33 percent. Let’s hope we keep that up!

Please tell us about your future vision.
We are aiming to bring technology to the agriculture sector. I believe, in future, the technology will have a great impact on the ways the crops are being produced. It will also improve the efficiency and the yield potential. Technology will bring a new revolution in the agriculture sector, as we have already witnessed this in the past. The agriculture sector is emerging with the help of technology and it will continue to get better and more improved over the years to come.

22 Business of Agriculture | January-February 2019 • Vol. V • Issue 1

Investsize: Malaysia’s Saba To Invest $100 Mln In India And Thailand Rice Sector

11/22/2018 7:28:00 AM (GMT)
 

Malaysian rice and other commodities manufacturer Saba Industries announced that it plans to inject $100 million in the rice sector in India and Thailand, as it plans to export the staple by partnering with local farmers.

The company plans to enter warehousing and drying space in India’s rice sector. The Kuala  Saba Industries plans to establish approximately 10 warehouses in Uttar Pradesh and as many dryers with an aim to dry 1,000 tonnes rice per day.

For the first 2 to 3 years, the company intends to target Uttar Pradesh, partnering with the farmers there. It intends to support the farmers in India with farm equipment and fertilizers for free and procure their rice and get it processed at local mills.

Farm equipment will help farmers plant and harvest paddy faster. In the first place, Saba Industries is probing at exporting 20,000 to 25,000 tonnes of rice, particularly Basmati, per month.

See link here: https://www.investsize.com/en/malaysias-saba-to-invest-%24100-mln-in-india-and-thailand-rice-sector

Suryaa International: Saba Industries to invest $100 mn in rice sector in India, Thailand

Saba Industries to invest $100 mn in rice sector in India, Thailand


International | Written by : IANS | Updated: Wed, Nov 21, 2018, 11:12 PM


Malaysia-based Saba Industries Chairman and CEO Malini Saba on Wednesday said the privately-held company will invest $100 million in the rice sector in India and Thailand, as it plans to export the staple by partnering with local farmers.

“We are looking at a $100 million investment between Thailand and India. And based on how much more money we need to pump in, we will do that in the next phase. We plan to start our first phase in Uttar Pradesh,” Saba told IANS during her visit to India.

The global exporter of agricultural commodities plans to enter warehousing and drying space in India’s rice sector. The Kuala Lumpur-based firm will set up about 10 warehouses in Uttar Pradesh and as many dryers with an aim to dry 1,000 tonnes rice per day.

“In the initial 2-3 years, we plan to focus on Uttar Pradesh, partnering with the farmers there. As we did in other south-east Asian countries, we plan to support the farmers in India with farm equipment and fertilisers for free and procure their rice and get it processed at local mills.

“To start with, we are looking at exporting 20,000 to 25,000 tonnes of rice, particularly Basmati, per month. We have a ready clientele in the US, Middle East and other parts of the world,” Saba said.

Farm equipment will help farmers plant and harvest paddy faster, she said.

The founder of the $650-million company also deals in mining of iron ore and gold.

“Transportation and warehousing are the major challenges in the agriculture sector in most countries like India. One of the things we discovered in India is that the drying capacity is quite limited despite the presence of a number of mills. We plan to get in large dryers with capacities ranging from 10,000 to 20,000 tonnes a month,” she said.

After Uttar Pradesh, the company will replicate the model in Andhra Pradesh and West Bengal and later to other states to scale up its operations in India.

See link here: https://www.suryaa.com/59551-saba-industries-to-invest-100-mn-in-rice-sector-in-india-thailand.html

Outlook India: Saba Industries to invest $100 mn in rice sector in India, Thailand

21 NOVEMBER 2018  Last Updated at 7:12 PM | SOURCE: IANS

Saba Industries to invest $100 mn in rice sector in India, Thailand

New Delhi, Nov 21 Malaysia-based Saba Industries Chairman and CEO Malini Saba on Wednesday said the privately-held company will invest $100 million in the rice sector in India and Thailand, as it plans to export the staple by partnering with local farmers.

“We are looking at a $100 million investment between Thailand and India. And based on how much more money we need to pump in, we will do that in the next phase. We plan to start our first phase in Uttar Pradesh,” Saba told during her visit to India.

The global exporter of agricultural commodities plans to enter warehousing and drying space in India’s rice sector. The Kuala Lumpur-based firm will set up about 10 warehouses in Uttar Pradesh and as many dryers with an aim to dry 1,000 tonnes rice per day.

“In the initial 2-3 years, we plan to focus on Uttar Pradesh, partnering with the farmers there. As we did in other south-east Asian countries, we plan to support the farmers in India with farm equipment and fertilisers for free and procure their rice and get it processed at local mills.

“To start with, we are looking at exporting 20,000 to 25,000 tonnes of rice, particularly Basmati, per month. We have a ready clientele in the US, Middle East and other parts of the world,” Saba said.

Farm equipment will help farmers plant and harvest paddy faster, she said.

The founder of the $650-million company also deals in mining of iron ore and gold.

“Transportation and warehousing are the major challenges in the agriculture sector in most countries like India. One of the things we discovered in India is that the drying capacity is quite limited despite the presence of a number of mills. We plan to get in large dryers with capacities ranging from 10,000 to 20,000 tonnes a month,” she said.

After Uttar Pradesh, the company will replicate the model in Andhra Pradesh and West Bengal and later to other states to scale up its operations in India.

mgu/shs/sed

See link here: https://www.outlookindia.com/newsscroll/saba-industries-to-invest-100-mn-in-rice-sector-in-india-thailand/1425573

Daiji World: Saba Industries to invest $100 mn in rice sector in India, Thailand

Saba Industries to invest $100 mn in rice sector in India, Thailand

   Wed, Nov 21 2018 08:14:27 PM

New Delhi, Nov 21 (IANS): Malaysia-based Saba Industries Chairman and CEO Malini Saba on Wednesday said the privately-held company will invest $100 million in the rice sector in India and Thailand, as it plans to export the staple by partnering with local farmers.

“We are looking at a $100 million investment between Thailand and India. And based on how much more money we need to pump in, we will do that in the next phase. We plan to start our first phase in Uttar Pradesh,” Saba told IANS during her visit to India.

The global exporter of agricultural commodities plans to enter warehousing and drying space in India’s rice sector. The Kuala Lumpur-based firm will set up about 10 warehouses in Uttar Pradesh and as many dryers with an aim to dry 1,000 tonnes rice per day.

“In the initial 2-3 years, we plan to focus on Uttar Pradesh, partnering with the farmers there. As we did in other south-east Asian countries, we plan to support the farmers in India with farm equipment and fertilisers for free and procure their rice and get it processed at local mills.

“To start with, we are looking at exporting 20,000 to 25,000 tonnes of rice, particularly Basmati, per month. We have a ready clientele in the US, Middle East and other parts of the world,” Saba said.

Farm equipment will help farmers plant and harvest paddy faster, she said.

The founder of the $650-million company also deals in mining of iron ore and gold.

“Transportation and warehousing are the major challenges in the agriculture sector in most countries like India. One of the things we discovered in India is that the drying capacity is quite limited despite the presence of a number of mills. We plan to get in large dryers with capacities ranging from 10,000 to 20,000 tonnes a month,” she said.

After Uttar Pradesh, the company will replicate the model in Andhra Pradesh and West Bengal and later to other states to scale up its operations in India.

Investment Guru India: Saba Industries to invest $100 mn in rice sector in India, Thailand

 

Published on 22/11/2018 8:59:55 AM | Source: IANS

Saba Industries to invest $100 mn in rice sector in India, Thailand

 
Posted in Industry News| #India #Industry #Rice #Investment #Malaysia

Malaysia-based Saba Industries Chairman and CEO Malini Saba on Wednesday said the privately-held company will invest $100 million in the rice sector in India and Thailand, as it plans to export the staple by partnering with local farmers.

“We are looking at a $100 million investment between Thailand and India. And based on how much more money we need to pump in, we will do that in the next phase. We plan to start our first phase in Uttar Pradesh,” Saba told IANS during her visit to India.

The global exporter of agricultural commodities plans to enter warehousing and drying space in India’s rice sector. The Kuala Lumpur-based firm will set up about 10 warehouses in Uttar Pradesh and as many dryers with an aim to dry 1,000 tonnes rice per day.

“In the initial 2-3 years, we plan to focus on Uttar Pradesh, partnering with the farmers there. As we did in other south-east Asian countries, we plan to support the farmers in India with farm equipment and fertilisers for free and procure their rice and get it processed at local mills.

“To start with, we are looking at exporting 20,000 to 25,000 tonnes of rice, particularly Basmati, per month. We have a ready clientele in the US, Middle East and other parts of the world,” Saba said.

Farm equipment will help farmers plant and harvest paddy faster, she said.

The founder of the $650-million company also deals in mining of iron ore and gold.

“Transportation and warehousing are the major challenges in the agriculture sector in most countries like India. One of the things we discovered in India is that the drying capacity is quite limited despite the presence of a number of mills. We plan to get in large dryers with capacities ranging from 10,000 to 20,000 tonnes a month,” she said.

After Uttar Pradesh, the company will replicate the model in Andhra Pradesh and West Bengal and later to other states to scale up its operations in India.

See link here: http://investmentguruindia.com/IndustryNews/Saba-Industries-to-invest-100-mn-in-rice-sector-in-India-Thailand

Sify Finance: Saba Industries to invest $ 100 million in rice sector in India, Thailand

Sify.com Finance Agriculture – Saba Industries to invest $ 100 million in rice sector in India, Thailand Source : Last Updated: Thu, Nov 22, 2018 11:20 hrs

 

A woman winnows rice in a field on the outskirts of Ahmedabad, India November 10, 2017. REUTERS/Amit Dave

 

New Delhi:

Malaysia-based Saba Industries Chairman and CEO Malini Saba on Wednesday said the privately-held company will invest $100 million in the rice sector in India and Thailand, as it plans to export the staple by partnering with local farmers.

 

“We are looking at a $100 million investment between Thailand and India. And based on how much more money we need to pump in, we will do that in the next phase. We plan to start our first phase in Uttar Pradesh,” Saba told IANS during her visit to India.

 

The global exporter of agricultural commodities plans to enter warehousing and drying space in India’s rice sector. The Kuala Lumpur-based firm will set up about 10 warehouses in Uttar Pradesh and as many dryers with an aim to dry 1,000 tonnes rice per day.

 

“In the initial 2-3 years, we plan to focus on Uttar Pradesh, partnering with the farmers there. As we did in other south-east Asian countries, we plan to support the farmers in India with farm equipment and fertilisers for free and procure their rice and get it processed at local mills.

 

“To start with, we are looking at exporting 20,000 to 25,000 tonnes of rice, particularly Basmati, per month. We have a ready clientele in the US, Middle East and other parts of the world,” Saba said.

 

Farm equipment will help farmers plant and harvest paddy faster, she said. The founder of the $650-million company also deals in mining of iron ore and gold.

 

“Transportation and warehousing are the major challenges in the agriculture sector in most countries like India. One of the things we discovered in India is that the drying capacity is quite limited despite the presence of a number of mills. We plan to get in large dryers with capacities ranging from 10,000 to 20,000 tonnes a month,” she said.

 

After Uttar Pradesh, the company will replicate the model in Andhra Pradesh and West Bengal and later to other states to scale up its operations in India.

 

See link here: http://www.sify.com/finance/saba-industries-to-invest-100-million-in-rice-sector-in-india-thailand-news-agriculture-slvtqMeiiibhe.html

Maeeshat Business: Saba Industries to invest $100 mn in rice sector in India, Thailand

Saba Industries to invest $100 mn in rice sector in India, Thailand

 


New Delhi : Malaysia-based Saba Industries Chairman and CEO Malini Saba on Wednesday said the privately-held company will invest $100 million in the rice sector in India and Thailand, as it plans to export the staple by partnering with local farmers.

 

“We are looking at a $100 million investment between Thailand and India. And based on how much more money we need to pump in, we will do that in the next phase. We plan to start our first phase in Uttar Pradesh,” Saba told IANS during her visit to India.

 

The global exporter of agricultural commodities plans to enter warehousing and drying space in India’s rice sector. The Kuala Lumpur-based firm will set up about 10 warehouses in Uttar Pradesh and as many dryers with an aim to dry 1,000 tonnes rice per day.

 

“In the initial 2-3 years, we plan to focus on Uttar Pradesh, partnering with the farmers there. As we did in other south-east Asian countries, we plan to support the farmers in India with farm equipment and fertilisers for free and procure their rice and get it processed at local mills.

 

“To start with, we are looking at exporting 20,000 to 25,000 tonnes of rice, particularly Basmati, per month. We have a ready clientele in the US, Middle East and other parts of the world,” Saba said.

 

Farm equipment will help farmers plant and harvest paddy faster, she said.

 

The founder of the $650-million company also deals in mining of iron ore and gold.

 

“Transportation and warehousing are the major challenges in the agriculture sector in most countries like India. One of the things we discovered in India is that the drying capacity is quite limited despite the presence of a number of mills. We plan to get in large dryers with capacities ranging from 10,000 to 20,000 tonnes a month,” she said.

 

After Uttar Pradesh, the company will replicate the model in Andhra Pradesh and West Bengal and later to other states to scale up its operations in India.

 

—IANS

See link here: http://www.maeeshat.in/2018/11/saba-industries-to-invest-100-mn-in-rice-sector-in-india-thailand/

News from WebIndia123: Saba Industries to invest $100 mn in rice sector in India, Thailand

New Delhi | Wednesday, 2018 7:45:04 PM IST

 

Malaysia-based Saba Industries Chairman and CEO Malini Saba on Wednesday said the privately-held company will invest $100 million in the rice sector in India and Thailand, as it plans to export the staple by partnering with local farmers.

 

“We are looking at a $100 million investment between Thailand and India. And based on how much more money we need to pump in, we will do that in the next phase. We plan to start our first phase in Uttar Pradesh,” Saba told IANS during her visit to India.

 

The global exporter of agricultural commodities plans to enter warehousing and drying space in India’s rice sector. The Kuala Lumpur-based firm will set up about 10 warehouses in Uttar Pradesh and as many dryers with an aim to dry 1,000 tonnes rice per day.

 

“In the initial 2-3 years, we plan to focus on Uttar Pradesh, partnering with the farmers there. As we did in other south-east Asian countries, we plan to support the farmers in India with farm equipment and fertilisers for free and procure their rice and get it processed at local mills.

 

“To start with, we are looking at exporting 20,000 to 25,000 tonnes of rice, particularly Basmati, per month. We have a ready clientele in the US, Middle East and other parts of the world,” Saba said.

Farm equipment will help farmers plant and harvest paddy faster, she said.

 

The founder of the $650-million company also deals in mining of iron ore and gold.

 

“Transportation and warehousing are the major challenges in the agriculture sector in most countries like India. One of the things we discovered in India is that the drying capacity is quite limited despite the presence of a number of mills. We plan to get in large dryers with capacities ranging from 10,000 to 20,000 tonnes a month,” she said.

 

After Uttar Pradesh, the company will replicate the model in Andhra Pradesh and West Bengal and later to other states to scale up its operations in India.

 

–IANS mgu/shs/sed

( 350 Words)

 

2018-11-21-19:12:33 (IANS)

 

See link here: https://news.webindia123.com/news/Articles/Business/20181121/3477673.html