Mumbai: Agri-infrastructure player National Collateral Management Services (NCML) and Adani Ports and Special Economic Zone Ltd (APSEZ), part of the Adani Group have entered into a strategic partnership.
The objective of the partnership is to assist industries, traders, importers and exporters in financing their capital requirements at all stages of the supply chain, ranging from post-harvest storage to export or import stages, APSEZ and NCML said in a joint release.
"We are delighted to be a part of this strategic partnership with such a major agri-infrastructure and finance player. This tie-up would not only help us offer cargo handling and warehousing, but also provide collateral management and finance services under one roof, thus facilitating the trade in agri products at our ports," Mundra Port chief executive officer Unmesh Abhyankar said.
The tie-up will help Adani leverage excellent infrastructure to provide a complete bouquet of services to our customers, making Adani Ports the preferred destination for trade in agricultural products, he added.
NCML managing director and CEO Sanjay Kaul said: "The tie-up with Adani Group will provide us a unique opportunity to extend finance against warehouse receipts to port locations, a first of its kind in the country, and we are confident that this arrangement will help commodity market players across the country in availing collateralised financing at port locations while importing and exporting commodities."