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AMIRA FOODS INDIA LIMITED

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AMIRA FOODS INDIA LIMITED
AMIRA FOODS INDIA LIMITED
India
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AMIRA FOODS INDIA LIMITED

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The global rice market represented approximately $ 240 billion in value in
2010, according to statistics from the Food and Agricultural Organization
of the United Nations, or FAO, based on benchmark rice export prices for
the international rice trade. The Indian rice industry was valued at
approximately $ 40 billion in wholesale prices in fiscal 2011, within which
the Indian Basmati rice segment is large and growing and was valued at
approximately $ 4 billion in the same year, according to CRISIL Research' s,
or CRISIL Research, 2012 Report on the Indian Rice Industry. The Basmati
rice segment has benefited from increased consumption trends both within
India and internationally. Volume sales of Basmati rice in India have
increased at a 25.0% compound annual growth rate, or CAGR, between fiscal
2006 and 2011, while Indian Basmati rice exports increased at a 20.2% CAGR
between fiscal 2007 and 2011. International sales of Indian Basmati rice
have also benefited from favorable pricing trends and have grown at a 39.5%
CAGR in value sales between fiscal 2007 and 2011. We expect to continue to
benefit from this significant growth in global demand for Basmati and other
specialty rice, which we believe will outpace the growth of the overall rice
industry.

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