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Shreeji International sets up manufacturing facility in Dubai

Shreeji International – a leading Indian food and agri-food company – is expanding its geographic location and entering the Dubai market. The company plans to expand its reach into the Middle East, South Africa and the European market with this strategic expansion, she said in a statement.

The company’s customer base ranges from multi-billion dollar giants to small industry businesses. This expansion will further increase their reach in remote areas, the company said.

Global investments in the food and agri-food sector have tripled since 2004. According to a report released by McKinsey, the sector has seen an increase in global investment of more than $ 100 billion. Dubai is an important player in the food and agribusiness sector due to its advanced infrastructure. Agriculture in the UAE is expected to register a CAGR of 3.2% from 2021 to 2026.

The company said it was all going to be part of this growth story.

Shreeji International said it has operations in eight countries and generates more than $ 25 million in revenue. The establishment of the production unit in Dubai will allow it to access markets in the Middle East, South Africa and Europe.

Shail Suresh Thakker, Founder of Shreeji International said: “We are in a very interesting era, in terms of agriculture and the food industry. A lot of innovation, technological advancement and infrastructure development are happening. With the establishment of the $ 7 billion “food corridor” project between India and the United Arab Emirates, the two countries will experience many job creation and increased food yields. Now is the right time to enter the Dubai market. We have a plethora of agricultural products in our offerings like pulses, beans, flour, dried fruits, raisins and spices. Apart from that, we are also in forest products. We plan to increase more agricultural and forestry products in our fundraiser and also provide products that meet global standards. “

The company envisions a turnover of 200 million dollars by 2027 and would further consolidate its leadership position in the segment. Currently in Dubai, Shreeji International said they follow a B2C model, process the product and sell it in various retail stores. But in India, it mainly follows the B2B model.

First publication: STI



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