Kathmandu, 28 March. Nepal Warehousing Company Limited (NWCL) has announced technical tie-up with the National Collateral Management Services Limited (NCMSL), India in setting up large scale grain storage and commodity market facilities in Nepal.
Both the companies will sign an agreement on this collaboration during the Nepal Nepal Investment Summit 2019 that starts in the Capital on Friday.
The NWCL plans to establish grain storage project, commercial grain warehosues, in Sunsari, Parsa and Kapilbastu with storage capacity of 55,000 metric tons with the investment of Rs. 1.5 billion.
According to the company, the project has been launched with a view to addressing challenges faced due to market failures and inefficient agriculture value chain systems resulting in high post-harvest loss, high nutritional losses and low financial yield.
“In addition to scientific storage, NWCL will offer services like cleaning and drying of grains, food testing laboratories, bulk transportation/deliveries, Mandi operation and warehouse receipt facilities,” it said in a statement.
It also said that tis ecosystem of activities is expected to improve efficiency, cash flow and profitability of farmers, traders and millers alike.
NWCL’s services will also contribute to regulation of grain trade and development of agro-processing hubs. Small farmers will benefit through direct access to market and finance.
Nimbus Group, Srinagar Agro Farms Pvt. Ltd, Shikhar Insurance Limited and private equity investors are the key promotors of the NWCL.
NCMSL offers modern, scientific and IT enabled storage and preservation services for the entire range of commodities through 800+ warehouses spread across India.
