Market news: Sarveshwar Foods shares take center stage on Tuesday | This is why
A geographical indication is primarily an agricultural, natural or manufactured product (crafts and industrial goods) originating from a specific geographical area.
Stock market news: Shares of Sarveshwar Foods Limited will be in focus on Tuesday as the company has been awarded the first ‘Geographical Indication’ (GI) tag in Jammu & Kashmir for Basmati rice. The company has been awarded the first “Geographical Indication” (GI) tag in Jammu & Kashmir for Basmati rice by APEDA (Ministry of Commerce and Industry, Government of India).
“GI tag awarded by the APEDA (Ministry of Commerce and Industry, Govt. of India) after thorough verification of data, quality of the product, their properties, origin and procurement, processing procedure adopted by Sarveshwar Foods for its Basmati rice, and now gives the company the right to place GI Tag on its packaging for export,” the company said in a press release.
A geographical indication is primarily an agricultural, natural or manufactured product (crafts and industrial goods) originating from a specific geographical area.
“It is an honor for the entire team that Sarveshwar Foods Limited has become the first and only company from Jammu & Kashmir to obtain a Geographical Indication (GI) from APEDA (Ministry of Commerce and Industry, Govt. of India) for Basmati Rice , says Rohit Gupta, chairman of the company.
Sarveshwar Foods Limited (SFL) is a USFDA (United States Food and Drug Administration) certified company. The stock ended the day at Rs 5.99. The counter showed a return of 157.08 percent in six months. In one year, the scrip has made investors richer by 105.84 percent.
Disclaimer: The article is for informational purposes only and not for investment advice.