Nexus India Capital invests in Suminter India Organics, a leading contract farming company that focuses on organic produce for the textile and food industries.
Suminter, which supplies to buyers in the US and Europe, currently has a farmer network in four Indian states, across 25,000 acres of land. Its network of farmers who grows cotton, oil seeds, spices and herbs, in accordance with buyers demand. The company plans to expand its reach to ten Indian states. It will also set up an organic food park with high-end machinery for processing.
“We feel the organic foods and textiles has a huge opportunity worldwide and really liked the entrepreneur’s vision and approach,” said Sandeep Singhal, Managing Director, Nexus India Capital Advisors.
Sameer Mehra, Founder and Chief Executive, Suminter, said “We choose Nexus as our partner because of their understanding of this sector and their hands-on, entrepreneurial approach of working with the company. We are very excited to work with Nexus to build a world class company.”
Suminter India Organics is an exporter of organically grown agro product. Suminter has an established, wide and growing network of organically certified farms and farmer groups offering a variety of certified organic agricultural produce.
For more information, please visit www.suminterindiaorganics.com