NCML to set up processed food hub, terminal market near Amaravati in AP

National Collateral Management Services Limited (NCML) has inked a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) to invest in cold storage chain and related infrastructure at Amaravati, the new capital of the state.

The leading agriculture post-harvest management company is planning to invest Rs 100 crore in the cold chain and storage infrastructure.

The pact was inked by Sanjay Kaul, MD & CEO, NCML and Krishna Kishore, CEO, Economic Development Board, Andhra Pradesh.

It is aimed at setting up a ‘Terminal market and Processed Foods Distribution Hub’ near Amaravati. The project is expected to generate more than 1,000 jobs, besides augmenting the cold chain infrastructure in the State. The proposed hub will be an integrated facility for storage, handling and distribution of fruits and vegetables, dairy products, frozen foods (meat, seafood), processed foods amongst other perishables.

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