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/

Malini Saba – A Psychologist and Businesswoman

Business is just not an understanding of numbers but actually an understanding of people and their motivation.

– By Chandran Iyer

Malini Saba is a self–made businesswoman, an ardent philanthropist and a force to be reckoned with. Ms. Saba embodies the concept of using business to serve humanity. Her eminent group of Commodities Company deals in rice, iron ore mining, wheat, palm oil, cashew nuts, and gold. Saba Industries exports 500,000 tons of rice worldwide. The company’s iron ore is used to make steel and its gold is used for jewelry and technology products. In 2017, Saba Industries had revenues of more than $500 million and employed 2,000 local workers. Saba Industries is a prime example of her stratagem of using business to serve humanity. Functioning in the agriculture and mining industry, the group hires local talents and helps them achieve economic stability. The CSR arm of the group, Saba Family Foundation, has given access to life-saving medical and educational services to millions of disadvantaged people across South and Southeast Asia, Australia, Africa, India, and the Middle East. The foundation is an extension of Ms. Saba’s philanthropy and aims to help at least one billion people to gain access to basic health care, education, and opportunities which allow them to break the cycle of poverty and illiteracy.
Excerpts from the interview:
Give us an overview of yourself.
I have a lovely family and a very supportive family. I am a psychologist and business is my passion. Business is just not an understanding of numbers but actually an understanding of people and their motivation. Life is not about degrees, life is about believing in your dream and taking opportunities that come your way and moving aggressively in the direction to make your dream a reality.

I started in business at a young age of 20. I have been working my whole life as I worked and put myself through school and college. I don’t come from a privileged life. I worked hard for everything and am still working hard.

Gosh, my typical day starts at 4 am. I wake up and light the lamps for prayer in the home with mantras. Then I tend to my business calls, make my daughter’s fresh hot lunch for school and her breakfast. Get myself dressed, drop her off and off to work. Management of time is critical to make your day productive. I manage my time well. Because it is critical for me I have most time with my child whenever I am not traveling for work. I believe the hardest and most rewarding job in the world is being a parent.

How did Saba Industries and Saba Family Foundation happen?
Saba Industries came about 26 years ago. I wanted to work for myself. It has evolved into this large group. It began with investments and later in Commodities. I believe we should all do what we love. Never focus on money. If you focus on money it will never come into your hands.

Woman Entrepreneur Separator

I love the commodity space. The Saba Foundation came about 18 years ago (about 2001) when I felt it was time to set it up. I wanted to be able to create a space where we could give back to the communities we worked in and also help women and children. This is my focus, I believe women are the future. We must give them opportunity to excel and the rest will follow.

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?
I think there are challenges in any field. I never see things as challenges. I see them as experiences. I think challenge is a negative word. India is a huge bread basket. We picked India because it was the next move for us as a company. I don’t see challenges in this sector. We have been doing it for over 20 years and understand the space and are ready for all the necessary work that has to go in when we go into a new country.


What were the challenges you faced as a Woman entrepreneur and how did you overcome those?

Gosh, where do I start? Being an entrepreneur is one thing, but being a woman in this space is another. I started at a time when there were not many women in business. That too young women. I had to raise funds, people never believing I was able to do what I said I could do. Through the years I faced failure three times. The third time was the hardest. The markets fell and it was a disaster. But we pulled ourselves out of it. The only way to overcome hurdles and failure is to pull yourself back up and find another way to make it work. You cannot give up and let fear ever take over. I am not afraid of failure and I do believe that is the first thing any entrepreneur should learn. Through failure, you can have success. Anyone who says they have never failed in life, I feel is not being honest.

Make your career in agriculture: Here’s how to be a farmer

Start a career in agriculture!

 

 
 

Food security is the prime focus of any nation. The issues faced by farmers are multi-faceted and extensive. It’s all about arming the farmers with skills and resources to empower them to create a new era in food production.

Technology is the medium that will help farmers improve their production and create better and cost effective avenues to financial freedom.

The crux of the solution is that there needs to be a provision for infrastructure and technology to enhance farm production.

The cycle becomes less arduous and time consuming, enabling the farmer to improve profitability by reducing turnaround time.
The way forward is to partner directly with the farmers themselves. This will require an understanding of regional differences and the spectrum of needs that the individual farming community of a state may have.

The aim is to support the farmer with free farm equipment, seeds and fertilizer. The entire production of the crop grown by the farmer should be processed locally. The processed food should then be exported world-wide. The elimination of multiple middle men will improve the earnings of the farmer. There will be major challenges in the diverse Indian market.

The basic issue the agriculture behemoth will face is gaining the trust of the farmer. Once the farmer trusts the process the roadmap to a financially secure agricultural business will be ready for implementation. The infrastructural requirements like logistics and warehousing will also pose a big challenge.

The government along with companies that have a demonstrated history of creating millions of success stories in the domain of farming should work together to change the Indian agricultural realm. The rich cultural and agricultural heritage of the country will be strengthened by this initiative.

Authored article by Malini Saba, Founder, Saba Industries and Saba Family Foundations.

Original article from India Today is seen on Homehere.

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