NCML and Adani form an Alliance to Solve India’s Supply Chain Problem.
National Collateral Management Services Limited (NCML) and Adani Ports and Special Economic Zone Ltd (APSEZ) of Adani Group have joined a strategic alliance to assist Industries, businesses and traders in India’s crucial supply chain infrastructure.
NCML is an agriculture infrastructure player providing end to end commodity and risk management services across the country. It is involved with storage and preservation of agro goods, procurement and supply chain, collateral management, testing and certification and also provides market intelligence and consultancy services to agro and commodity traders.
APSEZ located in 8 different locations in India is the largest network of special economic zone ports. APSEZ has ports in Mundra, Hazira and Dahej in Gujarat, Dhamra in Odisha and operates specialized coal handling facilities in Mormugao in Goa, Visakhapatinam in Andhra Pradesh. It is also in process of constructing a new shipping container terminal in Tuticorin, Chennai. Adani is committed to building world class ports, warehouses and other export import related infrastructure making it the destination source for trading agro commodities.
MD & CEO of NCML, Mr. Sanjay Kaul commented, “We are confident that this arrangement will result in substantial new business across Gujarat and several other southern states of the country. This new arrangement with ADANI Group will provide an opportunity to field functionaries to extend finance against warehouse receipts”.
The alliance between NMCL and Adani is first of its kind in India. It will cover all aspects of the agro supply chain under one roof boosting India’s lagging supply chain and enabling the supply chain to meet urban demand for commodities. It will also provide financing against warehousing receipts and collateral financing across commodities while importing and exporting at the ports. The logistics support provided with the financing is a upswing boost to the Indian commodity traders.