DMCC, CROPDATA TO DE­VELOP DIG­I­TAL AGRI-MAR­KET­PLACE IN IN­DIA

LogisticsNews Middle East - - March 2018 -

Dubai Multi Com­modi­ties Cen­tre (DMCC), a lead­ing free zone for com­modi­ties trade and en­ter­prise, has signed a strate­gic part­ner­ship with Cropdata Tech­nol­ogy to de­velop a dig­i­tal pan-in­dia agri trad­ing mar­ket­place, as the UAE and In­dia look to in­ten­sify eco­nomic co­op­er­a­tion.

Un­der the agree­ment, DMCC will de­velop the dig­i­tal plat­form which will even­tu­ally con­nect up to 500 lo­gis­tic hubs through­out In­dia, by stream­lin­ing the for­ward sale of farm out­puts. With over 14,000 com­pa­nies in its free zone, DMCC will also act as a gate­way for in­creas­ing agri trade be­tween the two coun­tries.

Built on blockchain tech­nol­ogy, the DMCC and Cropdata Tech­nol­ogy part­ner­ship forms the largest tech­no­log­i­cal ini­tia­tive of its kind in the re­gion, and is due to be op­er­a­tional this year in two states in In­dia.

Ahmed Bin Su­layem, ex­ec­u­tive chair­man, DMCC, said: “The UAE and In­dia are on a steep mis­sion to grow cross-bor­der col­lab­o­ra­tion. This is ex­cit­ing, and we are de­lighted to in­tro­duce new tech­nol­ogy that will fur­ther fa­cil­i­tate and in­crease trade be­tween our two coun­tries.”

Gau­tam Sashit­tal, chief ex­ec­u­tive officer, DMCC, said: “This on­line mar­ket­place will be the first such col­lab­o­ra­tion in the agri space be­tween the two coun­tries and will com­ple­ment the In­dian gov­ern­ment’s ENAM (elec­tronic Na­tional Agri­cul­ture Mar­ket­ing) ini­tia­tive.”

The DMCC and Cropdata Tech­nol­ogy part­ner­ship aligns with the on­go­ing work be­tween the UAE and In­dia to in­crease con­nec­tiv­ity and en­hance bi­lat­eral trade be­tween the two coun­tries.

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