Amira: Announces New Contract of USD 6 Million

Dubai / UAE. (anf) Amira Nature Foods Limited, a leading global manufacturer, marketer and distributor of branded packaged specialty rice, announced a new contract to supply rice to a customer in the Europe, Middle East, and Africa (EMEA) region in the amount of USD 6 million. The Company expects to recognize the benefit of this contract in the 2020 fiscal year ending March 31, 2020. «We are extremely pleased to announce this development, which along with our previously announced customer orders, amounts to over USD 57mn in revenue. This equates to securing 29 percent of our forecasted USD 200mn of FY2020 revenue just 63 days (17 percent) into the fiscal year», stated Karan A. Chanana, Amira’s Chairman.

Founded in 1915, Amira has evolved into a global provider of packaged specialty rice, with sales in over 40 countries today. Amira sells Basmati rice, 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, Germany, the United Kingdom, and the United States.