IFC backs NCMSL for Indian agro supply chain
International Finance Corporation (IFC), the World Bank unit responsible for private investment, plans to invest $7.5 million in equity, plus an additional $13 million in debt, into integrated supply chain and risk management services provider National Collateral Management Services Ltd. (NCMSL), which operates in India’s agribusiness sector.
The company is essentially a large warehouse operator, with an aggregate 400 units spread over 80 locations. The IFC funding will contribute towards the building of more agri-commodity storage capacity,...
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