{"id":60,"date":"2011-06-05T18:06:48","date_gmt":"2011-06-05T18:06:48","guid":{"rendered":"https:\/\/staging.whichwarehouse.com\/blog\/?p=60"},"modified":"2011-06-05T18:06:48","modified_gmt":"2011-06-05T18:06:48","slug":"bangalore-firm-gives-warehouses-massive-cash-injection","status":"publish","type":"post","link":"https:\/\/staging.whichwarehouse.com\/blog\/news\/bangalore-firm-gives-warehouses-massive-cash-injection\/","title":{"rendered":"Bangalore Firm Gives Warehouses Massive Cash Injection"},"content":{"rendered":"<p>A recent injection of $18.5 million of equity funding will be used by the Bangalore-based company National Collateral Management Services (NCMSL) to improve their Indian warehousing services by building more warehouses in order to service the constantly growing food industry in the country.<\/p>\n<p>Contributions of $5 million from the India Farmers&#8217; Fertilizer Cooperative, $7.5 million from Rabobank and $6 million from the IFC, the funding will see warehousing, processing, marketing and logistics see a boost in the face of a massive predicted growth in the Indian food market by 2015.<\/p>\n<p>Managing Director and CEO of NCMSL, Sanjay Kaul, stated: &#8220;We plan to deploy funds over the next two years to create our own network of warehouses in over 40 locations across India.&#8221;<\/p>\n<p>An additional planned investment of $3.5 million from the Haryana State Co-operative Supply and Marketing Federation and the Karur Vysya Bank will see further additional growth in the NCMSL&#8217;s logistics and warehousing services in the future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent injection of $18.5 million of equity funding will be used by the Bangalore-based company National Collateral Management Services (NCMSL) to improve&#8230;&nbsp;<span class=\"cmtcnt\">0<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":"","_wp_rev_ctl_limit":""},"categories":[1],"tags":[5,7],"class_list":["post-60","post","type-post","status-publish","format-standard","hentry","category-news","tag-warehouse","tag-warehousing"],"_links":{"self":[{"href":"https:\/\/staging.whichwarehouse.com\/blog\/wp-json\/wp\/v2\/posts\/60","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.whichwarehouse.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.whichwarehouse.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.whichwarehouse.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.whichwarehouse.com\/blog\/wp-json\/wp\/v2\/comments?post=60"}],"version-history":[{"count":0,"href":"https:\/\/staging.whichwarehouse.com\/blog\/wp-json\/wp\/v2\/posts\/60\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.whichwarehouse.com\/blog\/wp-json\/wp\/v2\/media?parent=60"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.whichwarehouse.com\/blog\/wp-json\/wp\/v2\/categories?post=60"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.whichwarehouse.com\/blog\/wp-json\/wp\/v2\/tags?post=60"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}