Investment opportunities

Hybrid Rice Seed and Hybrid Rice Cultivation

Sub-SectorFood Crop
Project Description
  • Vita Rice Ltd is involved in agriculture in Mauritius. The company has started the cultivation of Hybrid Rice Seeds in Mauritius. The company started operations in the 1st semester of 2009 and plans to produce hybrid rice seeds and hybrid rice on 500 hectares of land – currently 170 ha of land are under cultivation
  • Vita Rice is commercially growing hybrid rice seed for export to Asia and the wider Indian Ocean region
  • The company is in the process of leasing cold room facilities for storage of the rice seeds
  • The company intends to be listed on the Stock Exchange of Mauritius by mid-2011
  • Vita Rice, through its parent entity Vita Grain has also founded, in conjunction with Agricultural Research Organizations, the Food Security Development Centre which will progressively develop new and existing Hybrid Rice varieties to suit numerous applications, including climatic divergence, health and nutritional characteristics
  • The company has also acquired 30,000 hectares of land in Tanzania
Expected Results
  • Export of hybrid rice seeds
  • Production of long grain rice with low GI
Total Amount of Project USD 12 million
Actions Required or Implementation Arrangements
  • Land lease from Government for 500 ha in phases starting in May 2009 to be completed by 2011
  • Agglomeration of small holders for 500 ha of land by 2012
Period of Implementation Starting in 2009 to be fully implemented by 2012
Status
  • 1st phase with cultivation of on 57 ha
  • Land preparation is being completed for 110 ha
Contact Vitarice
Mr. Graeme Robertson
Chairman
Address : 701 St James Court
Rue St Denis, Port Louis
Port Louis
Tel : +230 210 8967 Fax: +230 210 8864
Email : graeme@vitagrain.com.sg