India’s largest Soy processing Company, Ruchi Soya Industries Limited (Ruchi Soya) is proud to announce its Sustainability Verification Programme during the important and prestigious 2013 edition of the Food Ingredients  Europe Exhibition. Ruchi Soya and its exclusive European marketing company RF Solutions, have teamed up with ProTerra Foundation and Solidaridad to engage in this initiative towards long term
sustainability in Soy.

Mr. Sarvesh Shahra, Business Head, Food and Specialty Products Division said, “The market is clearly shifting towards sustainability and is demanding sustainably produced agricultural products. Ruchi Group is working closely with the farmers in India for the past three decades. This is the right time for Ruchi Soya to take the lead in developing India’s first long term sustainability program and offer its customers a completely integrated solution. The European Union is a key and priority market for
Non-GM Soy products.. Along with RF Solutions, Ruchi Soya will now provide its customers, the right solutions for sustainability and meet all the future demands from India. This initiative will help brighten the lives of millions of farmers across India and farmer livelihood development has always been at the core of Ruchi Soya’s corporate philosophy. Ruchi Soya is proud to be a partner in this initiative, our commitment to Non-GM foods is reiterated with this global alliance.”

With a proven track record on sustainability programmes in Brazil, Canada and France, The ProTerra Foundation is a valuable partner of the validation programme. Solidaridad has been working for many years in assisting farmers with sustainable practices and has been developing farmer programmes in India now for about 5 years.

The programme’s starting point is the purchase of 12,000 RTRS credits followed in the near future  through the purchase of 12,000 MT of certified beans. This will help over 10,000 certified farmers in the programme and additional 20,000 farmers who are improving their practices to become certified. The sale of certified non-GMO lecithin and soya meal shall gradually increase in the coming years under the programme. Meanwhile, Solidaridad plans to increase the farmer training programme to
reach 70,000 farmers in the coming 2-3 years in India.

The certification of groups of farmers and the verification work under the ProTerra Standard will be carried out by Cert ID, a company that has been in the Indian Non-GMO market for over 10 years.  The values estimated for buying the soya beans in India and for fostering the sustainability programme will be acquired and paid to the stakeholders in the programme through the sale of products under Chain of Custody Certificates in Europe. This will enable Ruchi Soya to buy the beans physically from the farmers who are participating in the programme, but most importantly, contribute to improving their livelihood and well being.

About Ruchi Soya Industries Limited:
Ruchi Soya is India’s leading FMCG Company, India’s number one cooking oil and soya food maker and marketer. Ruchi Soya has a turnover of over US$ 5 Billion and is an integrated player, from farm to fork. Ruchi Soya has secured access to oil palm plantations in India and other key regions of the world. Ruchi Soya is also the highest exporter of soya meal, lecithin and other food ingredients from India. Ruchi Soya is committed to renewable energy and exploring suitable opportunities in the
sector.

About RF Solutions:
Established in 2009, RF Solutions introduced the Ruchithin soya lecithin from the Indian company Ruchi Soya Industries Limited onto the European market. Incorporating the sales and marketing experience as well as the technical expertise of RF Solutions. RF Solutions has enabled Ruchi Soya to become the industry leader in full traceable Non-GMO soya lecithin. Other ingredients RF Solutions successfully markets today include Ruchi Soya’s fatty acids, tocopherols. soy meal and guar gum split.

If you would like to receive more information:

Yogesh Kolte Saskia Brokx
Head, Corporate Communication, Ruchi Soya Industries Limited RF Solutions
(+91) 98 2030 9121 (+31) 73 6481420
[email protected] [email protected]


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Two Indian companies ITC and Ruchi Soya were among the world’s 50 fastest growing consumer firms during the June 2009-June 2010 period, according to the latest annual report by market research firm Deloitte.

According to the 4th annual report “Global powers of the consumer products industry 2011,” by the firm, India’s ITC Ltd, which sells cigarettes, food and personal care products besides presence in hospitality and paper segments, has been ranked 15th in the list, while edible oil maker Ruchi Soya stood at the 20th position.

The Deloitte report identified 250 largest consumer products companies, based on data available for the 12-month period between June 2009 and June 2010. During the period, ITC’s net sales stood at $4.04 billion at a growth rate of 17.2 per cent, while Ruchi Soya grew by 14.3 per cent with an annual sales of $3.01 billion.

France’s food processing firm Groupe Bigard SA topped the list by growing at a rate of 80 per cent and sales of $6.27 billion for the period.

“Currently, while India is represented by only two companies among the 50 fastest growing consumer product companies, there is a huge potential as large Indian conglomerates in the consumer business sector are witnessing strong growth,” Deloitte in India Senior Director Rajan Divekar said.

He said India’s growth story comes from the increasing consumption power among Indians and the modernisation of retailing. “As the Indian retail industry modernises, the cost of distribution is likely to fall, suppliers will have an incentive to invest in technology and consumers will gain access to cheaper, fresher and safer products,” he said.

While the list was mainly dominated by food, beverages and tobacco firms, most of the companies were from emerging markets, including Latin America and Asia Pacific region. Some of the other well-known global firms which are among the 20 fastest growing companies include Research in Motion, Reckitt Benckiser, LG Electronics and Samsung among others.

The report also highlighted that while there has been an overall 1.2 per cent decline in sales among the top 250 firms across the globe, the 50 fastest growing companies increased sales at a rate of 18.2 per cent.

“Acquisitions served as the primary growth driver for the fastest growing companies. Nine of the first 10 fastest 50 companies made significant acquisitions in 2008 and/or 2009, (and) propelled top line growth,” the report said.

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