Monday, Jan 30 2023 | Time 23:45 Hrs(IST)
Business Economy

DCX partners with Shree Shubham Logistics

Mumbai, Nov 30 (UNI) DCX, a global agri fintech operator of platforms for agri products, said it has partnered with Shree Shubham Logistics Ltd (SSL) to bring transparent, efficient and robust agri commodities trading to India.
SSL’s best-in-class warehousing service with over 1 million m2 of facilities across six states will now be available to all DCX clients as part of its secure and trusted negotiation, contracting and execution solution.
The DCX platform integrates with a variety of service providers -- inspection, freight, insurance and finance.
This is now the first time that warehousing will also be available directly on DCX providing full visibility for all stakeholders on the status of the trade and the condition of collateral.
The SSL solution reduces post-harvest losses and increases food security, using scientific and efficient warehouse management systems through our own state-of-the-art Agri-Logistics Parks (ALPs) as well as third party warehouses.
Our wide spectrum of services ranges from storage and preservation, collateral management and testing of agri commodities.
DCX will offer the solution on its marketplace using their 2.0 platform which was launched in early July 2022.
Powered by AWS cloud native services, the DCX platform allows users to trade, counter and offers digitised post trade flows in a single environment whilst users have access to service providers offering freight, finance, insurance and inspection services.
Suraj Arora, Co-Founder and Managing Director of DCX Asia, said: “We are very excited to work with Shree Shubham Logistics in creating a blockchain backed digitalization ecosystem in the Indian agriculture sector.
"As we all know, the Indian agriculture economy provides huge opportunities and digitalization of this critical component of the Indian economy would pave the way for creating a positive social impact in the lives of Indian farmers.
"This cooperation would bring a very dynamic trading digital ecosystem in the field of agri commodities.”
Maneesh Mansingka, Managing Director of SSL, said: “We are excited to work with DCX Asia to form a vibrant agritech platform that can be used by farmers, traders, processors and government agencies, forming part of the Indian agriculture commodities ecosystem.
"DCX has global expertise and is operational in various regions of the world. This platform will enable a safe and efficient digital trade, storage, financing, export or import of agricultural commodities. This will add a new revenue stream for the company without incurring any further capital expenditure."
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