Monday, March 23, 2009

Rural Innovations Company Seeks Private Funding

We have finally reached a stage where we can use some private funding and we have decided to actively seek investments in our Rural Pantry division. While it is exciting to think that we can now grow at a much faster rate, it is a little sobering that we will have to relinquish ownership of a part of our company. We will also have to explain our actions to our investors. So, there are pros and cons to our decision but nevertheless we are excited about our big step forward.
Here are a few quick updates on the rest of the company. We are launching our ecommerce website ( www.ruralhandicrafts.com )on the 3rd of April. It will be fully functional and will be the primary platform to advertise and sell our handicrafts products.
On the 11th of April, we will be inaugurating our FarmAid store in Ruthvadi. I will be adding a few pictures to our website to give you an idea on what the store looks like. We will be selling seeds and other farm related goods from that store. The store itself is built of mud and has one room, one attic and a courtyard in the back. It is small and meager looking but definitely beautiful.
On the 27th of April we will be inaugurating our Food Processing division. I will be giving you a few more updates on that shortly.
I am attaching a picture from our program over the weekend to honor and recognize Amit Singh’s hard work and commitment to his work. He became the first full time permanent employee of Rural Innovations Company on the 21st, our hats off to him.

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