Maize Milling and Processing Projects
Project Name : Reliance Exim (Pvt.) Limited.
Owner(s) : Mr. Muhammad Farrukh
Project Location : Port Muhammad Bin Qasim, Karachi
Project Size : Rs.170 Million
SEDF Assistance : Rs.13.1 Million
Bank : Faysal Bank Limited
Reliance Exim Pvt. Ltd. was established to setup a maize-milling plant and grain storage systems in North Western Industrial Zone, at Port Muhammad Bin Qasim, Karachi. To process 30,000 metric tons of maize. The business model is to export 70% of the processed product and supply the remaining 30% to the local market with an owned brand name. This will motivate and encourage farmers to cultivate maize as a cash crop in the province.
SEDF’s Assistance Impact
SEDF has approved financial assistance of Rs.13.1 Million to Reliance Exim (Pvt). Limited. The company is also installing a grain storage system from Dehsetiler, Turkey. This storage system has four Grain Bin and Storage Silos installed with capacity to store 10,500 metric tons of corn. This system will then have overall storage capacity of 10,000 metric tons of maize without any risk of damage to quality of grains. The risk free storage is possible by controlling temperature, moisture, insect damage and mold.