NBHC aims to create 30,000 mt capacity
NATIONAL BULK Handling Corporation (NBHC) Limited an end to end solution provider in warehousing and bulk handling of agriculture commodities and subsidiary of Financial Technologies (India) Limited (FTIL) launched its warehousing and collateral management services in Indore recently.india Updated: Mar 12, 2006 15:42 IST
NATIONAL BULK Handling Corporation (NBHC) Limited an end to end solution provider in warehousing and bulk handling of agriculture commodities and subsidiary of Financial Technologies (India) Limited (FTIL) launched its warehousing and collateral management services in Indore recently.
NBHC Chief Executive Officer and Managing Director Anil Choudhary told reporters here today that warehousing is a capital-intensive industry so we are identifying warehouses that would satisfy our scientific standards. In the first phase, the company aims at building warehouse capacity of 30,000 metric tonnes in the State with Indore contributing nearly 67 per cent of that capacity. The company is hopeful of creating a warehousing capacity of 10 lakh metric tonnes in the next three years.
He also said that NBHC is also looking forward to tie up with banks to provide loans at lower rate of interest to farmers in a couple of years. Investment of around Rs 5,000 to Rs 10,000 crore is needed in warehouse industry and banks could fund about Rs 1 lakh crore in the next three years.
Choudhary said that NBHC is committed to realise new business opportunities in the field of agro commodity management by offering warehousing and bulk-handling as hub to ultimately provide end-to-end solutions and eventually become a complete collateral management company.
‘The company would soon launch National Spot Exchange for Agriculture Produce (NSEAP) for storing goods and effective delivery through exchange designated warehouses. The company also aims to offer end to end solutions or services to all its clients, business partners and constituents who will be benefited with single window, customized, economical and value added services,” Choudhary added.
An Indore traders meet programme was also organised on the occasion on ‘benefits of warehousing and collateral management through NBHC.’
Multi Commodity Exchange vice president (business development and marketing), Anil Choudhary and eminent pulses industrialist Ajay Khandelwal were the main speaker of the programme.
O P Agrawal who was also present at the programme said that according to Warehouse Regulation and Maintenance Bill passed recently, a standing committee has been formed by the Government to check out the standards of warehouses, this committee formed a forum for making standards and NBHC has been selected as its member. The company has 6,500 terminals for online trading.
First Published: Mar 12, 2006 15:42 IST