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Kolkata, 18^th November, 2024: Techno India Group, one of the premium education institutions in Eastern India, hosted Dronacharya Samman – 2024, an award ceremony for felicitating 500 outstanding educators across West Bengal for their contributions to school education This magnificent award ceremony, is being held over a period of 2 days at the Techno India University Auditorium.

The inaugural session was attended by Dr Ramanuj Ganguly, President, West Bengal Board of Secondary Education, Mr Chinmoy Sarkar, Joint Director of School Education,& Prof Manoshi Roychowdhury, Co-Chairperson, Techno India Group. On the second day, Dr Chiranjib Bhattacharya, President, West Bengal Council of Education, Ms Priyanka Sarkar, Actress, Mr Nicolas FACINO, Alliance Française du Bengale along with Mr Meghdut Roychowdhury, Chief Innovation Officer, Techno India Group, were present to give away the awards.

Awardees included Best Principal/Head Teacher, Best Subject Teacher and Best Chief Co-ordinator. Each awardee received the Chairman’s Medal, a certificate and a memento as a token of appreciation for their service in inspiring and guiding the students. Dronacharya Award will be an annual celebration honoring the unsung heroes of education – the headmasters, headmistresses, coordinators, and subject teachers. These dedicated individuals are the solid roots that nurture and shape thousands of students every year, guiding them toward excellence and successful placements. Through this award, Techno India Group will acknowledge their unwavering commitment, patience, and vast knowledge, which lay the foundation for future leaders. Their contributions are integral to building a brighter future for education and society.

“The Dronacharya Samman is more than just an awards ceremony—it is a celebration of the selfless dedication and tireless efforts of educators who are the true architects of our future. This award serves as a tribute to the educators who, with passion and perseverance, have set high standards of excellence and made an indelible impact on the lives of students across West Bengal,” said Mr Meghdut Roychowdhury, Chief Innovation Officer, Techno India Group.

“The Dronacharya Award symbolizes our deep respect and gratitude for educators who tirelessly shape our future. Their work not only empowers students but sets high standards of educational excellence”, said Prof. Manoshi Roychowdhury, Co-Chairperson, Techno India Group.

This initiative reaffirms Techno India Group’s commitment to advancing educational excellence, celebrating the tireless efforts of educators who play pivotal roles in shaping the future of generations to come. The Dronacharya Awards serve as a testament to the Group’s dedication to fostering quality education and a vibrant learning environment across West Bengal.

In the vibrant landscape of Indian cuisine, basmati rice is celebrated for its aroma and cultural significance. With India leading global basmati exports, demand is surging due to changing consumer preferences and the festive season, which drives rice consumption for traditional dishes. Mirae Asset Capital Markets (India) Pvt. Ltd. has launched its thematic report- FMCG, “Basmati Bliss,” highlighting key player’s LT Foods and KRBL, as families prepare to celebrate festivals with grand feasts featuring this cherished grain.

LT Foods

Mirae Asset’s Capital Markets has recommended buying LT Foods. The current market price is with a target price of , offering a 27% upside potential. LT Foods is strategically diversifying its portfolio and enhancing its digital capabilities to capture evolving industry dynamics. The company is expected to achieve a compound annual growth rate (CAGR) of 12% in revenue from FY24 to FY27E, with a projected 200 basis points (bps) increase in EBIDTA margin, reaching a robust 13%. Compared to KRBL, LT Foods demonstrates a superior growth profile and better return ratios. The stock has recently experienced a favorable re-rating due to its business diversification, improved margins, and reduced debt.

KRBL

KRBL is currently priced at  and is considered a favorite stock to buy. Its target price is , indicating a potential upside of 17%. The company is expected to benefit from the long-term trend towards branded basmati rice among Indian consumers. Despite a 25% decrease in stock price over the past year due to export concerns, Mirae Asset is optimistic and forecasts a 4.8% earnings compound annual growth rate (CAGR) from FY24 to FY27E. This growth is expected to be driven by domestic expansion and recovery in exports.

The Basmati Boom

The global rice market is evolving, with a notable increase in demand for specialty rice varieties, particularly basmati. India holds a remarkable 77% share of global basmati production. Domestic consumption is projected to grow at a CAGR of 9% over the next five years, fueled by rising incomes and the expanding HoReCa sector.

With biryani becoming a staple, restaurants are ordering more basmati rice. LT Foods now generates 22% of its sales from the HoReCa segment, while KRBL sees a growing demand for bulk packs.

Way ahead

The basmati rice industry is poised for significant growth, driven by evolving consumer preferences and rising exports. Both LT Foods and KRBL are well-positioned to capitalize on these trends, making them attractive investment opportunities. Mirae Asset Capital Markets’ “Basmati Bliss” report highlights the promising outlook for these key players in Indian cuisine.