At Port of Sohar
Usher Agro through its 100% subsidiary Usher Worldwide FZE and Prime Trading Company signed a joint venture agreement with Al Mada Project Management Company and Sohar Food Cluster Company LLC for setting up rice and pluses storage, processing and packaging facility at Port of Sohar. The initial facility will be set up at a total estimated project cost of USD 40 million and will contain polishing, grading, blending and packaging unit for 100,000 TPA of premium long grain rice including basmati rice and the state-of-the-art milling unit for 100,000 TPA of pulses.The basmati rice products will be distributed within MENA countries whereas pluses products will be distributed in India and MENA countries. The parties are expected to commence the operations of the facility by end of FY 2016.
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app