Daijiworld Media Network - Mangaluru (VP)
Mangaluru, Mar 18: The South Canara Coconut Farmers Producer Company Limited, recognized as the country's largest organization led by coconut farmers, has released shares for its upcoming project. With an excellent membership of over 15,000, the organization sets out on a mission to increase its scope and market reach.
With a starting fund of Rs 300 crores, the company aims to complete major projects worth Rs 50 crores in the first phase alone. The primary goal is to gather shares worth Rs 1000 each, allowing investors to purchase a minimum of five shares and a maximum of 200 shares, ranging from Rs 5000 to Rs 2 lac. The managing director, Kusumadhara S K, emphasized an opportunity for investors to take part in the company's growth through share investment, highlighting the success of the Kalpa Samriddhi Yojana in attracting public support.
The company's unique development, highlighted by a ten times rise in business over six months, created trust in investors. Fertilizers, organic products, and kitchen items based on coconut gained significant market popularity, leading to the decision to issue shares to fund future growth. After the project is completed, it is estimated to provide 300 direct jobs and over 600 indirect jobs.
The merging of industrial facilities under a single roof is central to the building plan, made possible by the purchase of 20 acres of land for Rs 50 crores. The planned facility will serve as a hub for manufacturing value-added products made from different coconut tree components, introducing the nation's first zero waste plant for coconut farmers.
Potential buyers can purchase shares at a branch or online on the organization's official website. A toll-free helpline also facilitates inquiries and purchases, ensuring access for all stakeholders.
Actions focused on improving women's career prospects showcase the company's belief in community empowerment. Specialist training programs in artwork creation, as well as grants for machinery purchases, enable women to achieve financial independence. Notably, the organization aims to train one lakh women worldwide, promoting entrepreneurship and self-reliance.
With a strong management board and advisory council made of highly esteemed experts and agriculturists, the company displays effectiveness and strategic foresight. Accepted for its fair business practices and direct buying from farmers, the organization is growing as a beacon of hope for coconut producers around the coastal region.
As the South Canara Coconut Farmers Producer Company Limited embarks on a new chapter, it invites stakeholders to collaborate in realizing its objective of long-term growth and prosperity. Individuals can obtain more information and make investment inquiries by visiting the company's website or calling the toll-free hotline.