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Usher Worldwide, Prime sign JV with Al Mada, Sohar for project in Oman
Author:depl  From:本站  Time:2015-10-29 10:31:45  Click:1064
Indian company Usher Agro Ltd, through its 100 per cent subsidiary Usher Worldwide FZE, and Prime Trading Company, signed a joint venture agreement with Al Mada Project Management Company and Sohar Food Cluster Company LLC for setting up rice and pulses storage, processing and packaging facility at port of Sohar, Oman.

The initial facility will be setup at an estimated project cost of US$40 million and will contain polishing, grading, blending and packaging unit for 100,000 TPA of premium long grain rice including basmati rice and a state-of-the-art milling unit for 100,000 TPA of pulses.

The facility will also contain 25,000 TPA of rice fortification plant under the patented technology provided by PATH, a non-profit organisation supported by Bill and Melinda Gates Foundation. Fortified rice prevents loss of iron and vitamins from rice during the milling process and is envisaged to be sold as a premium product and also supplied to the government for welfare activities in the wider MENA (Middle-East and North Africa) region.

The basmati rice products of the facility will be distributed within MENA countries whereas pulses products from the facility will be distributed in India and MENA countries. The parties expect to commence the operations of the facility by end of FY2016.
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