August 03, 2018

National Collateral Management Services Limited (NCML) signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB)

National Collateral Management Services Limited (NCML) signed a Memorandum of Understanding (MoU) with the Andhra Pradesh
                                    Economic Development Board (APEDB)

National Collateral Management Services Limited (NCML), A Fairfax Company, India’s largest private sector agriculture post-harvest management company, signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) in Hyderabad on 3rd August 2018 for investment of Rs 100 crores in cold chain & storage infrastructure.

The MoU signed by Mr. Sanjay Kaul, MD & CEO, National Collateral Management Services Limited  and Mr. Krishna Kishore, CEO, Economic Development Board, Andhra Pradesh will facilitate setting up of a ‘Terminal market and Processed Foods Distribution Hub’ by NCML near the city of Amaravathi−the proposed capital of Andhra Pradesh. The project is expected to generate more than 1000 jobs besides augmenting the cold chain infrastructure in the state.

Mr. Sanjay Kaul, MD & CEO, NCML said, “NCML commits to leverage its strengths for the putting in place a state-of-the art facility for stepping up the cold chain logistics in Andhra Pradesh.” He added, “The cold chain segment is both an opportunity as well as a serious challenge today for India”.

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