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Apr 07, 2011, 09.07 PM IST
Balbir Singh Uppal, CMD of Lakshmi Energy & Foods in an interview with CNBC-TV18's Ekta Batra and Reema Tendulkar, spoke about the recent happenings in his company and the business outlook.
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%.
Tags: Balbir Singh Uppal, CMD, Lakshmi Energy & Foods, Pusa basmati rice, Gulf export, domestic brand
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