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Amira Nature Foods and UPL Enter Strategic Alliance to Build a Productive Rice Value Chain

DUBAI, United Arab Emirates--(BUSINESS WIRE)--Aug. 12, 2016-- Amira Nature Foods Ltd (NYSE: ANFI) (“Amira”), a leading global provider of branded speciality rice, including basmati and other food products, and United Phosphorus Limited (“UPL”), a leading crop protection and seed company, have created a strategic alliance to build a productive rice value chain in India and other parts of the world.

Founded in 1915, Amira has evolved into a leading global provider of branded packaged specialty rice, including Basmati and other food products, with sales across five continents around the world. Amira primarily sells Basmati rice, which is a premium long-grain rice grown only in certain regions of the Indian sub-continent, under its flagship Amira brand as well as under other third party brands. Amira sells its products through a broad distribution network in both developed and emerging markets.

UPL produces rice seeds in India and is engaged in developing and marketing innovative rice crop solutions in India and other parts of the world. UPL is represented by its flagship company, RiceCo, which develops rice technologies for farmers in the United States, South America, Asia and Africa. UPL is engaging rice farmers through its digital advisory services company, Adarsh Kisan Services which provides regular agronomic support to farmers while UPL provides farm services that include custom application of crop protection solutions including post-harvest applications.

Mr. Karan A. Chanana, the Chairman of Amira, stated, “Amira Nature Foods is an important off-taker of rice from the farmers with capabilities of quality milling and marketing of its rice brands and we look forward to our alliance with UPL.”

Mr. Jai Shroff, the Chief Executive Officer of UPL, stated, “Both UPL and Amira have made an important strategic alliance to build a productive rice value chain in India and other parts of the world.”

About Amira Nature Foods Ltd

Founded in 1915, Amira has evolved into a leading global provider of branded packaged specialty rice, including Basmati and other food products, with sales across five continents around the world. The Company primarily sells Basmati rice, which is a premium long-grain rice grown only in the geographically indicated region of the Indian sub-continent, under its flagship Amira brand as well as under other third party brands. Amira sells its products through a broad distribution network in both the developed and emerging markets. The Company’s global headquarters are in Dubai, United Arab Emirates, and it also has offices in India, Malaysia, Singapore, Germany, the United Kingdom, and the United States. Amira Nature Foods Ltd is listed on the New York Stock Exchange (NYSE) under the ticker symbol “ANFI.”

For more information, please visit www.amira.net.

Safe Harbor for Forward-Looking Statements

This press release contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “future” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. There is no assurance that our current expectations and projections are accurate. These forward-looking statements include, but are not limited to:

  • our goals and strategies;
  • our operations and expansion plans;
  • our future business development, results of operations, financial condition and financial statements;
  • our ability to protect our intellectual property rights;
  • projected revenue, EBITDA, adjusted EBITDA, profits, adjusted profits, earnings, adjusted earnings and other estimated financial information;
  • our ability to maintain strong relationships with our customers and suppliers;
  • governmental policies regarding our industry; and
  • the impact of legal proceedings.

You should not place undue reliance on forward-looking statements and you should read these statements in conjunction with the risk factors disclosed in “Risk Factors” appearing in Amira’s Annual Reports found on the SEC’s website located at www.sec.gov. Those risks are not exhaustive. We operate in a rapidly evolving environment. New risk factors emerge from time to time, and it is impossible for our management to predict all risk factors, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking statement. We do not undertake any obligation to update or revise the forward-looking statements except as required under applicable law.

Source: Amira Nature Foods Ltd

For Investor Inquiries:
Amira Nature Foods Ltd
Bruce Wacha, 646-779-1984
Chief Financial Officer
bruce.wacha@theamiragroup.com



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