APSEZ inks MoU with IPGA to handle pulses across its ports in country
Gujarat-based Adani Ports and Special Economic Zone (APSEZ) has signed a Memorandum of Understanding (MoU) with India Pulses and Grains Association (IPGA) to handle import and exports of pulses across its ports in the country.
The MoU seeks to
- Develop an efficient and dedicated supply chain for pulses using Adani Ports’ strategically located facilities to all key consumption centres in the country.
- Ensure the smooth and cost efficient availability of this key protein source by ideally connecting to the key markets of North, West and Central India.
To facilitate handling of pulses, APSEZ has developed the world class facilities for an agricultural market place at its all ports. It also has largest dedicated covered warehouse space inside ports for Agricultural goods.
The company also has tied up with multiple partner agencies to provide collateral management and trade finance services at the port itself. It should be noted that APSEZ is India’s largest private port development company.
Annually, India imports nearly 5 million tonnes of pulses for domestic consumption mainly from countries like Canada and Australia.
Categories: Business & Economy Current Affairs 2017