Amira
Nature Foods Ltd Expands Distribution in India
Company Opens 8 Distribution
Centers in India to Capitalize on Growing Consumer Demand
New Delhi– July 4, 2014
– Amira Nature Foods Ltd (NYSE: ANFI), a leading global provider of branded packaged
Indian specialty rice, announced the opening of 8 Distribution Centersin fiscal
2014 as part of its expansion plans in India.
The expansion drive is
aimed at capitalizing the extensive growth opportunities across both
traditional and Western-style modern retail locations.
These distribution
centers will be opened in major cities and towns including,
- Hyderabad
- Bangalore
- Kolkata
- Ahmedabad
- Gurgaon
- Delhi
- Zirakhpur(Punjab)
and
- Surajpur(Uttar
Pradesh)
The Company targets to
expand its distribution centers in India 15 by approximately the end of fiscal
year 2015.
Karan A Chanana Amira’s
Chairman and Chief Executive Officer, stated, “Our team continues to execute aggressively on our strategic
initiative to strengthen Amira’s distribution footprint in India as we look to
further benefit from India’s growing middle class and their increasing desire
for branded specialty rice. We added four centers in the fiscal fourth quarter
for a total of eight centers opened in fiscal 2014. All eight of these centers
are company-managed distribution centers, which we expect will result in
greater market penetration and higher margins. We continue to have success in
servicing both the traditional trades, including the mom-and-pop stores
throughout the countryside in India as well as capitalizing on the evolving and
growing Western-style modern retail.”
About Amira Nature
Foods
Founded in 1915, Amira
has evolved into a leading global provider of branded packaged Indian specialty
rice, with sales in over 40 countries today. Amira sells Basmati rice which is
a premium long-grain rice grown only in certain regions of the Indian sub-continent,
under their flagship Amira brand as well as under other third party brands.
Amira sells its products primarily in emerging markets through a broad
distribution network. Amira’s headquarters are in Dubai, United Arab Emirates,
and it also has offices in India, Malaysia, Singapore, the United Kingdom, and
the United States. For more information please visit http://www.amirafoundation.org/
