IEP Chandigarh, October 20
HAFED earned a profit of around Rs. 207 crores during the financial year 2021-22 which is the record in its history of more than 55 years. The business turnover of approx. Rs.17, 700 crore achieved by HAFED during this period is also the highest ever.
Speaking on the occasion, Sh. Kailash Bhagat, Chairman HAFED said that Hafed has recently taken numerous bold initiatives for expanding the domain of HAFED business. It has diversified into Exports, Commercial purchase of different commodities like Paddy, Wheat & Mustard Seed etc. and a special emphasis has been given to the exports activities. As a result, HAFED has got an export order of 20,000 MT basmati rice valuing 21.85 million USD from Saudi Arabia.
He further informed that HAFED is also exploring business opportunities in other countries to expand its export business and focus has also been enhanced on marketing of its products in the domestic market by adding new products like Multi-grain Atta, Namkeen, Biscuits, Jaggery, Poha etc. in its product range.
HAFED Managing Director, Sh. A. Sreenivas, IAS, shared that infrastructure is also being augmented in Hafed by setting up of new units like Oil Mill at Rampura, Cattle Feed Plant at Rohtak, Flour Mill at Jatusana, Fortified Rice Kernels unit at Taraori, Modern Rice Mills at Ding, Rania & Baroda, Turmeric Plant at Radaur etc., so that world class infrastructure is put in place to ensure best quality products.
He also emphasized that consumers would witness paradigm changes in the product range, quality and packaging of HAFED products in the coming months. He further mentioned that being the largest Food-grains Procurement & Warehousing agency of the State Government, HAFED is also supporting the Government and the farmers of the State by providing timely and efficient marketing support.