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

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

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.

–IANS

mgu/shs/sed

See link here: https://in.news.yahoo.com/saba-industries-invest-100-mn-rice-sector-india-134203073.html

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

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

IANS  |  New Delhi Last Updated at November 21, 2018 19:15 IST

 

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

 

“We are looking at a $100 million investment between and  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,” told IANS during her visit to 

 

The global exporter of agricultural commodities plans to enter warehousing and drying space in India’s 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 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 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, and other parts of the world,” Saba said.

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

 

The founder of the $650-million company also deals in 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 and and later to other states to scale up its operations in India.

 

–IANS

mgu/shs/sed

 

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

 
First Published: Wed, November 21 2018. 19:12 IST