DUBAI, United Arab Emirates--(EON: Enhanced Online News)--Amira Nature Foods Ltd (NYSE: ANFI) (the “Company,” “Amira”), a leading global provider of branded, packaged Indian specialty rice, announced today that it has been granted approval to export its basmati rice to China. 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”
“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.”
About Amira Nature Foods Ltd
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. The Company primarily sells Basmati rice, which is a premium long-grain rice grown only in the geographically indicated region of the Indian sub-continent, under its flagship Amira brand as well as under other third party brands. Amira sells its products through a broad distribution network in both the developed and emerging markets. The Company’s global headquarters are in Dubai, United Arab Emirates, and it also has offices in India, Malaysia, Singapore, Germany, the United Kingdom, and the United States. Amira Nature Foods Ltd is listed on the New York Stock Exchange (NYSE) under the ticker symbol “ANFI.”
For more information, please visit www.amira.net.
Safe Harbor for Forward-Looking Statements
This press release contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by words or phrases such as “may,” “will,” “except,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “future” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. There is no assurance that our current expectations and projections are accurate. These forward-looking statements include, but are not limited to:
- our goals and strategies;
- our operations and expansion plans;
- our future business development, results of operations, financial condition and financial statements;
- our ability to protect our intellectual property rights;
- projected revenue, EBITDA, adjusted EBITDA, profits, adjusted profits, earnings, adjusted earnings and other estimated financial information;
- our ability to maintain strong relationships with our customers and suppliers;
- governmental policies regarding our industry; and
- the impact of legal proceedings.
You should not place undue reliance on forward-looking statements and you should read these statements in conjunction with the risk factors disclosed in “Risk Factors” appearing in Amira’s Annual Reports found on the SEC’s website located at www.sec.gov. Those risks are not exhaustive. We operate in a rapidly evolving environment. New risk factors emerge from time to time, and it is impossible for our management to predict all risk factors, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking statement. We do not undertake any obligation to update or revise the forward-looking statements except as required under applicable law.