94 Kaleido<strong>scope</strong> July 2013
Public Sector Enterprises Sign MoUs CWC Signs MoU with Central Bank of India A Memorandum of Understanding was executed between Central Warehousing Corporation (CWC) and Central Bank of India recently at the Corporate Office of the Central Bank of India in Mumbai. As per the MoU, CWC will act as a Collateral Manager and the Bank will finance the CWC customers against Warehouse Receipts. Centre, Incubation Facility and Network Operation Centre of STPI across the country. Also seen in the picture are Mr. N.P. Aggrawal, SGM (BD), NBCC, Mr. Pradeep Sharma, DGM (BD), NBCC and Mr. Devesh Tyagi, Director, STPI. STPI projects are located at Bhopal, Srinagar, Bhubaneswar, Kolkata, Noida, Puducherry and Dehradun. The MoU was signed by Mr. A.K. Arora, General Manager (Finance) on behalf of CWC and Mr. R.B. Gupta, General Manager (Priority Sector) on behalf of the Central Bank of India in the presence of Mr. B. B. Pattanaik, MD, CWC, Mr. M.V. Tanksale, CMD, Central Bank of India and other senior officials of the CWC and the Bank. Addressing on the occasion, Mr. Pattanaik stated that CWC, which already has its 155 rural based warehouses registered with Warehousing <strong>Development</strong> and Regulatory Authority, is encouraging the farmers for using its warehouses by extending rebate of 30 percent in its storage charges besides imparting training on Post Harvest Technology. Pledge finance against its Negotiable Warehouse Receipt will not only help farmers in avoiding distress sale but also aid in better price realization for their produce, he added. NBCC inks MoU with STPI Mr. Anoop Kumar Mittal, CMD, NBCC and Mr. OmkarRai, DG, STPI (Software Technology Park of India) seen exchanging documents after signing an MoU with STPI recently, with regard to NBCC undertaking future works of STPI as Project Management Consultant (PMC) which shall involve planning, designing and construction of Data NSIC Signs MOU with Syndicate Bank for Financing Credit to MSME under its Bank tie up Scheme NSIC has been making sustained endeavors towards catering to the financial needs of MSMEs in India. In one such development NSIC has aligned and entered into MOU with SYNDICATE BANK recently. Under this MOU arrangement collaborative efforts would be undertaken to provide timely and affordable credit to MSMEs. The MOU was signed by Mr. Ravindra Nath Director (Finance) of NSIC and Mr. S.K. Thakkar, General Manager of Syndicate Bank. Kaleido<strong>scope</strong> July 2013 95