Lakshmi Energy & Food sees exports touching Rs 600cr

Below is the verbatim transcript of the interview. Also watch the accompanying video.

Q: In particular for this year, what is your export target to the gulf?

A: This year by September 30, our export target is Rs 600 crore.

Q: On a versus figure, how does it stand up in terms of growth?

A: In terms of growth, the export is double.

Q: What’s the kind of revenue that you can expect from your domestic brand?

A: Our domestic brand’s growth is Rs 400 crore for Lakshmi Foods.

Q: You indicated that you were looking to launch Rs 121 Pusa basmati rice. How has the production for that shaped up? What will you be garnering from that?

A: This year we exported 1,00,025 metric tonne rice to Gulf countries and 75,000 metric tonne was sold in the domestic market like Bombay, Chennai, Delhi, Kolkata and Bangalore.

Q: You are expecting a doubling of the Gulf export? Where do you see this growth coming from?

A: This year our exports and domestic sales were high. The increase (growth) is about 10-15%.