Positive Budget - MR. Dinesh Shahara Managing Director, Ruchi Soya Industries Ltd
The budget is definitely positive move specially in the context of agriculture and commodity sector considering that it not only contributes significantly to the GDP but impact the lives directly and indirectly for the entire rural populace.
The thrust in the farm sector at the basic grass root level like assuring in the 2nd green revolution in the east, thus sharpening the focus on oil seeds and pulses along with investment in rural infrastructure, this will hopefully have a cascading effect to up the supplies of agri-produce.
The initiative in the post harvest management and processing will further add to the value chain.
Availability of funds to the farming community as envisaged will be required impetus for the future.
Ruchi as a leading agribusiness company has always had a connect with the farm sector and our ethos has always been in sync with the farming community. We upload the proposals which would indirectly benefit the entire industry.
About Ruchi Soya Industries Limited
Ruchi Soya Industries Limited (RSIL) is one of the largest agri companies in India and a market leader in edible oils and Soya foods industry. Established in 1986, Ruchi Soya, the flagship company of the Ruchi Group has an annual turnover of over Rs 12,000 crore (over USD 2.50 bn).
Its renowned brands, Nutrela & Ruchi, are synonymous with cooking oils & healthy foods. Some of the other edible oil brands like Ruchi Gold (palm oil), Mahakosh and Sunrich (sunflower oil) are market leaders in their respective categories.
Ruchi Soya has been honoured by Dun and Bradstreet, at American Express Corporate Awards, 2006 ,2007 and 2008, as the No. 1 food processing company in India. Ruchi Soya was also awarded the 'National Energy Conservation Award' in the edible oils sector for large/ medium scale – category for 2008.
However, self sufficiency in raw material sourcing will be the key goal to insulate against the short supplies and spiraling prices in the long run. The Company therefore perceives, a logical business opportunity to achieve backward integration in palm plantations to complete the value chain and thus, give a fillip to the momentum in the palm oil business. |
Union Budget