Amira Nature Foods, a leading global provider of branded packaged Indian specialty rice, announced today the opening of 8 distribution centers in India in fiscal 2014 to capitalize on the extensive growth opportunities across both traditional and Western-style modern retail locations.
These distribution centers were opened in major cities and towns including, Hyderabad, Bangalore, Kolkata, Ahmedabad, Gurgaon, Delhi, Zirakhpur in the State of Punjab; and Surajpur in the State of Uttar Pradesh.
The Company now has a total of 8 distribution centers and it targets to expand this number to 15 distribution centers by approximately the end of fiscal year 2015.
Karan A. Chanana, Amira's Chairman and Chief Executive Officer, stated, "Our team continues to execute aggressively on our strategic initiative to strengthen Amira's distribution footprint in India as we look to further benefit from India's growing middle class and their increasing desire for branded specialty rice. We added four centers in the fiscal fourth quarter for a total of eight centers opened in fiscal 2014. All eight of these centers are company-managed distribution centers, which we expect will result in greater market penetration and higher margins. We continue to have success in servicing both the traditional trades, including the mom-and-pop stores throughout the countryside in India as well as capitalizing on the evolving and growing Western-style modern retail."
