Business of Agriculture March April 2019 Edition | Page 37

NBHC empanelled as Indian Clearing Corporation’s
approved ‘Warehouse Service Provider’
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augment innovative and customer
centric approach but also increase our
trustworthiness amongst our stakeholders.
We believe that BSE’s credibility and our
service efficiency together will create an
ideal benchmark for the entire commodity
eco-system.”
ational Bulk Handling Corporation
Pvt. Ltd. (NBHC), India’s leading
integrated service provider in the agri-
ecosystem, has been recently empanelled as
the Approved ‘Warehouse Service Provider’
& Assayer for Indian Clearing Corporation
Ltd. (ICCL), a subsidiary of Bombay Stock
Exchange Ltd. (BSE), for agri, non-agri and
processed commodities.
NBHC will provide comprehensive Storage
& Warehousing facilities suitable to the
members by leveraging its world-class
solutions coupled with best-in-industry
practices for quality assaying, grading,
inspection & certification, storage of agri-
commodities across all delivery centres of
ICCL. To begin with, NBHC has already set
its pace by accrediting its warehouse for
agri commodities like Cotton, Guarseed,
Guargum etc. and non-agri commodity like
Copper Cathode for BSE’s ICCL.
Commenting on this announcement, Mr.
Ramesh Doraiswami – MD & CEO, NBHC
said, “We are very proud of this association
as this makes us the Warehousing Service
Provider (WSP) & Assayer for Indian Clearing
Corporation, a subsidiary of Bombay Stock
Exchange (BSE). We are committed to
provide the best technology enabled storage
solutions and well-maintained protection
services for the entire range of agri, non-
agri and processed commodities to the
Exchange’s trading members and their
clients. With this move, we will not only
leverage our vast network of warehouses,
Indofil acquires majority share
in Agrowin Biosciences
I
ndofil Industries (International) BV, a
Netherland based holding company of
Indofil Industries Ltd. headquartered at
Mumbai India has acquired majority stake in
Agrowin Biosciences, a crop protection and
plant nutrients company based in Milan, Italy
for cash in an undisclosed amount.
Recognising the strong presence of Agrowin
in European Agribusiness market of Italy
through its distribution network and brand
equity, Indofil with its own expertise in
manufacturing, product development,
regulatory and global Agribusiness
technology see this acquisition to create a
stronger presence in European markets.
Mr R. K. Malhotra, Group CEO shared “This
acquisition gives us a firmer and sustainable
position in the Italian market, provides a
good platform for launching several new
and exciting products in the coming year.
As our second acquisition in Europe, we
see ourselves moving towards focused,
multifaceted growth and partners like
Agrowin are in remarkable synergy”.
NBHC is the only service provider in
India to have three ISO Accreditations and
prestigious Membership of the UK-based
GAFTA - which is regarded as the global
benchmark for quality assaying of export-
bound agri-produce. NBHC has a proven
track record of successfully managing assets
worth Rs 1,85,000+ crs (cumulative) for
50+ Banks, Financial Institutions as well
as widest pan-India warehousing presence
with more than 2500+ warehouses across
23 states - adding up to total of 65+
million metric tonnes (cumulative) agri-
commodities under management. It has
45+ functional QA Labs and 200+ mobile
labs for Quality Testing of around 170+ agri-
commodities, as well as pest management
services across 16+ States.
Dr Giorgio Corti, Managing Director of
Agrowin, added “We take immense pride
that Agrowin, a distributor for Indofil
since 2002, has taken the relationship to
a partnership. The participation of Indofil
in Agrowin gives us full access to Indofil’ s
resources and capabilities which will help
us grow and consolidate our position in the
market at a fast pace.”
The Italian agrochemical market presently
is third largest in Europe with a market size
of USD 1.2 billion. With its varied climatic
zones, Italy grows a large number of crops
like vines, fruits vegetables, cereals sugar
beet to name a few. Fungicides are the most
important crop protection segment in Italy.
Business of Agriculture
| March-April 2019 • Vol. V • Issue 2
37