Adani Ports signs MoU with IPGA for pulse handlingOctober 19, 2015
In the wake of increasing load over the existing ports handling pulse imports in India, Gujarat based Adani Ports and Special Economic Zone (APSEZ), India’s largest port developer company and a part of Adani Group has signed a Memorandum of Understanding (MoU) with the India Pulses and Grains Association (IPGA) to handle pulses across its ports in the country.
The MoU is intended to help develop a dedicated and efficient supply chain for pulses, using strategically located Adani Ports’ facilities to all key consumption centres in the country, ensuring the smooth and cost efficient availability of this key protein source across the country.
“Adani has developed world class facilities for an agricultural market place at its ports. We now have the largest dedicated covered warehouse space inside ports for Agri goods. We also have tied up with partner agencies to provide collateral management and trade finance services at the port itself. Our ports are also ideally connected to the key markets of North, West and Central India”, said Captain Unmesh Abhyankar, CEO, Mundra Port in a statement issued today.
India imports nearly five million tonnes of pulses annually for domestic consumption, mainly from Canada, Australia and regions around the Black Sea.
Speaking on the development, Mr. Pravin Dongre, Chairman IGPA said, “India’s pulses imports have been increasing every year and the infrastructure at the existing ports are finding it difficult to meet the requirements of the trade. The APSEZ Ports at locations like Mundra and Hazira will certainly help reducing the load on the existing ports as well as allow quick and efficient evacuation of cargo in a cost-effective manner”.
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