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Innovo to set up largest rice hub in Mena

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Prince Mishaal bin Abdullah bin Turki bin Abdulaziz Al Saud along with global private investor V Raman Kumar have engaged in a joint venture with India’s innovative rice producer, LEAF India (Lakshmi Energy and Foods Ltd), to create the Mena region’s largest hub for rice storage and distribution.

Published: Fri 28 Feb 2014, 10:36 PM

Updated: Tue 7 Apr 2015, 10:16 PM

The JV, Innovo Specialty Foods JLT, created by an investment of Dh100 million, aims to set up a storage, processing, polishing and packaging facility with a capacity of over 100,000 tonnes of basmati rice during 2014.

The ambitious plans will be delivered through Pan Gulf Foods and Industries FZ from the company’s Jebel Ali warehouse, which has been set in joint ownership, by Prince Mishaal, V. Raman Kumar and LEAF India. Innovo will market and distribute basmati rice processed and packed by Pan Gulf Food and Industries exclusively across the Middle East and North Africa.



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