Friday, Mar 1 2024 | Time 00:10 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."
More News

Industries Dept inks MoU with KTU to scale up campus-industry linkage

29 Feb 2024 | 9:33 PM

Thiruvananthapuram, Feb 29 (UNI) In a pioneering initiative to directly engage engineering students to address problems faced by industries, the Directorate of Industries & Commerce (DI&C), Government of Kerala, today inked an agreement with the APJ Abdul Kalam Technological University (KTU).

see more..

MMA-Amalgamations Business Leadership award presented to TATA Sons Chairman

29 Feb 2024 | 9:12 PM

Chennai, Feb 29 (UNI) The MMA-Amalgamations Business Leadership Award 2023 was conferred on N.Chandrasekaran, Chairman of Tata Sons Ltd, here on Wednesday evening.

see more..

Kotak Mahindra launches ‘Smart Choice’ Gold Loan for Aspirational customers

29 Feb 2024 | 8:32 PM

Mumbai, Feb 29 (UNI) Kotak Mahindra Bank Limited ("KMBL" / "Kotak") here on Thursday announced the launch of 'Smart Choice' Gold Loan, a smarter solution for Aspirational customers.

see more..

SKFL IPO of Rs 42 cr

29 Feb 2024 | 7:27 PM

Mumbai, Feb 29 (UNI) Shree Karni Fabcom, a manufacturer of P U coated fabric, air-mesh fabric & matty fabric, will come out with an initial public offering (IPO) to raise Rs 42 crore.

see more..
GDP growth accelerates to 8 4% in Q3; annual growth pegged at 7 6%

GDP growth accelerates to 8 4% in Q3; annual growth pegged at 7 6%

29 Feb 2024 | 7:24 PM

New Delhi, Feb 29 (UNI) Led by double digit growth in the construction activity and improvement in the manufacturing sector, the Indian economy grew at 8.4 per cent in the third quarter of 2023-24, data released by the Ministry of Statistics and Program Implementation showed.

see more..