China to import Indian basmati

Dubai-based Amira Nature Foods Ltd (NYSE: ANFI) has been granted approval to export its Indian origin basmati rice to China, an export market worth US$2 billion.

Amira is part of a select group of Indian companies now with the opportunity to enter China, which is both the world’s largest producer and the largest importer of rice, importing nearly $2 billion of rice over the last twelve months.

Historically, China had not permitted imports of Indian basmati rice into the country.

“International expansion has been a strong pillar of our growth, and we are very excited to have this tremendous opportunity to further increase our international distribution footprint with Amira’s entrance into the China market,” said Karan A Chanana, Chairman of Amira Nature Foods Ltd.

“We are truly honored to be granted approval into China with our premium, Amira [branded] basmati rice as we continue to execute on our strategic global growth initiatives.”

Founded in 1915, Amira has evolved into a leading global provider of branded packaged specialty rice, including Basmati and other food products, with sales across five continents around the world. fii-news.com