INI Farms signs MoU with LuLu Group to export bananas to UAE.

INI Farms, a part of the AgroStar group, has entered into a memorandum of understanding (MoU) with LuLu Group International to construct a right away farm-to-retail partnership for the Indian Cavendish bananas. This is a similar extension of a long-time period partnership among the 2 businesses already running on pomegranates and guavas to take the Indian end result to the supermarkets and hypermarkets of the LuLu Group withinside the Middle East.The MoU become signed on January 23 and the primary field become flagged off from INI Farms’ packhouse in Baramati to LuLu Group, UAE.

Purnima Khandelwal, CEO, INI Farms, stated: “This MoU is an enormous milestone now no longer simply in the adventure of INI Farms, however additionally for banana and guava farmers throughout the country. We are enthusiastic about the chance without delay servicing a surprisingly reputed worldwide store like LuLu and making sure the best high-satisfactory of Indian bananas and guavas from our farms to their retail shelves.”

Shardul Sheth, Co-founder and CEO, AgroStar, stated: “INI Farms has long passed from energy to energy during the last few years. Last 12 months, we witnessed landmark trends just like the first Indian consignment of our ‘Kimaye’ branded bananas being shipped to the Netherlands and turning into a pioneer withinside the enterprise to efficiently deliver amazing high-satisfactory pomegranates to the United States amongst different achievements. Our collaboration with LuLu Group International is but every other vital milestone and a testimony to our functionality which will deliver F and V merchandise of worldwide high-satisfactory requirements to marquee shops and cease clients across the globe”.

Salim MA, Director, LuLu Group International, stated, “This MoU isn’t only an exchange deal, it’s about celebrating the wealthy agricultural variety of our state and assisting our hard working farmers. LuLu Group International aims to be the pioneer in sustainable agriculture and set new requirements in high-satisfaction and innovation. We had been running with INI Farms for nearly a decade and this MoU similarly strengthens our collaboration”. Sudhashu, Secretary, APEDA, stated the MoU signing and flag-off occasion marks a anciental second for the Indian agtech enterprise, representing a bounce in the direction of making banana exports the primary billion-greenback fruit out of India withinside the subsequent couple of years.

Banana exports from India have witnessed splendid growth, accomplishing a 50 in keeping with cent CAGR during the last 5 years. Projections imply that India is poised to export over 25,000 containers, equal to greater than 5,00,000 tonnes of the fruit, withinside the monetary 12 months 2024. This fulfillment tale has drastically impacted farmers, growing over 10,000 direct rural jobs, contributing to an atmosphere that encompasses the delivery chain, rural infrastructure, transportation, and incomes over $three hundred million in overseas exchange.

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