About Us
About Us
Sagar Singh K
CEO & MD
Shanthi Singh
Director
Preamble:
India is an agrarian economy with 70% of its population dependent on agriculture. Over the years we have improved our agricultural production which has been a boon. But finding a market for the marketed surplus and getting fair prices have always been a major challenge. This clearly points out the need of agricultural marketing in the present times.
In current days of mass production and marketing which is being replaced by customer-based or market- driven strategies, an effective marketing extension service is the need of the hour. This has added significance in the light of post-WTO scenario. If the Indian farmers have to withstand the possible onslaught of international competitors, both in domestic as well as overseas markets, agricultural marketing services have to be strengthened.
The Government of India has considered improving the APMC Act to benefit all parties involved. In 2020, the Government of Karnataka passed the The Karnataka Agricultural Produce Marketing (Regulation and Development) (Amendment) Bill, 2020, which enables farmers to trade their produce anywhere without the intervention of APMCs.
The steps taken by the central Government and the state governments have encouraged many market operators to come out and participate in nation building in the form of providing marketing services to the farmers thereby increasing the farmers’ income by avoiding traditional middleman chain by directly linking the farmers with that of the ultimate consumers or reducing the Middlemen links in between.
Motivated by the Government’s best wishes in encouraging the farmers and to make use of the newly created opportunity Mr. Sagar Singh, an young and enthusiastic person has decided to trade in agricultural produce by using his social and business connection along with his mother Mrs. Shanthi Singh. For this he has incorporated a limited liability partnership firm.
Promoters:
Mr. Sagar Singh, is hailing from a respected family and is young and energetic entrepreneur with an urge to do something to create wealth for himself and for the people with whom he deals with. An MBA graduate, he has very good social and business connections and has studied well about the agricultural marketing when he was associating with his erstwhile employer.
He along with his mother Mrs. Shanthi Singh, an inspiring lady from an esteemed family has formed an LLP namely M/s Sidhi Traexpo LLP.
Mr. Sagar Singh has already contacted the farmers and the ultimate consumers and negotiated with them the procurement price and the selling price for the Rice, Onion and Pomegranate to start with. The Projected financials take into consideration mainly these produces in which the promoters intend to deal with at the first instance.
Objectives:
The Sidhi Traexpo LLP was formed in the month of January, 2021 with an objective to trade, give service in the field of agricultural marketing including export of agricultural produce.
Marketing:
India rice market is projected to register at a COMPOUND ANNUAL GROWTH RATE (CAGR) of 2.7% during the forecast period (2021-2026).
The COVID-19 has resulted in increasing consumption of rice due to changes in health habits in the country. However, travel restrictions have shown a slight impact on the market.
According to the Food and Agriculture Organization (FAO), the rice production in India was 177.6 million metric tons in 2019. India is the second-largest rice producer in the world after China, with more than 11.0% of the global production share. The cultivation of high-yielding rice varieties such as IR 64, CR 2301, K – 5 and others, leads India as the second-largest rice producer in the world after China, with more than 11.0% of the global production share.
Rice production in the country has increased by 3.5 times in the last 60 years. Higher demand for Indian rice from North America and European regions coupled with good climatic conditions are supporting the growth of the market. This also results in higher productivity than other Asian countries such as Thailand and Pakistan. Major rice-producing states in India are West Bengal, Uttar Pradesh, Andhra Pradesh, Punjab, Tamil Nadu, Odisha, and Bihar India primarily focuses Middle East and African countries for exporting its non-basmati rice. According to ITC trade Map, In 2019 India has been the top exporter in the global rice trade, accounting for 29.3% of the global rice exports. According to the ITC Trade Map, Iran, Saudi Arabia, Iraq, United Arab Emirates, and other middle east countries are the major importers of rice from India. There is a high demand for the Indian basmati rice variety in the European Union and the United States which is further boosting the rice export from India. With the increasing demand for rice globally, exports are increasing from India. There is a growth of 6.0% per annum in the exports values between 2016-2019. The country exported 9,819.0 thousand metric ton of rice in 2019. Furthermore, the growing consumption of rice in emerging and developing nations across the world may drive the growth of rice exports during the forecast period.
Onion is one of the important vegetable crops grown in India. In terms of area, India ranks first with an area of 5.54 lakh hectares (2008-09) accounting for around 22.40 per cent of the world onion area. In terms of production, the country occupies second position after China constituting 19 per cent of the global onion production. It is produced for both domestic consumption as well as exports. There are ample opportunities of trading in Onion too in India and abroad.
Pomegranate is grown in tropical and subtropical regions of the world. The total area under cultivation of pomegranate in India is 107.00 thousand ha and production is around 743.00 thousands tons. Maharashtra is the leading producer of pomegranate followed by Karnataka, Andhra Pradesh, Gujarat and Tamil Nadu. Ganesh, Bhagwa, Ruby, Arakta and Mridula are the different varieties of pomegranates produced in Maharashtra. In India, pomegranate is commercially cultivated in Solapur, Sangli, Nasik, Ahmednagar, Pune, Dhule, Aurangabad, Satara and Latur districts of Maharashtra; Bijapur, Belgaum and Bagalkot districts of Karnataka and to a smaller extent in Gujarat, Andhra Pradesh and Tamil Nadu. There is a very good market for Pomegranate in India and abroad as India Pomegranate is famous for its quality and taste.
Export and Import activities of Company
Dubai/Saudi Arabia/Qatar – Dealing in Onions, Rice and Sugar. Company is Importing mixed fruits from these Countries.
Turkey – Importing Apples and other Fruits.
Iran – Importing Apples and other Fruits.
Sri Lanka – Dealing in Onions, Potatoes and other Vegetables.
Bangladesh – Dealing in Maida, Rice and Vegetables.