Indian Agri Logistics Group Ties Up with United Amara Bank for Collateral Financing

Indian agri logistics and warehousing company SLCM Ltd, a wholly-owned subsidiary of Sohan Lal Commodity Management Group, has signed a memorandum of agreement with local lender United Amara Bank (UAB) for collateral financing in Myanmar. The move is aimed at strengthening the network for providing collateral management solutions to farmers, processors, traders, exporters and importers […]

Ministry halts online exchange

A Forthcoming commodities exchange has been suspended following a letter from the Ministry of Commerce stating it is not allowed to operate. Myanmar firm MICEx had aimed to bring a commodities exchange online in the next few months, but is now left waiting while it discusses the situation with government authorities. While company officials admit […]

Myanmar opens online exchange; move set to benefit Indian importers

Mumbai, April 1: Myanmar, one of the largest exporters of pulses to India, has opened its first ever online commodity exchange Multi Commodity Exchange (MICEx). The exchange, which will be open 23×7, has partnered with SLCM Ltd, the wholly-owned subsidiary of Indian company Sohanlal Commodity Management, an accredited preferred warehouse service provider for tur, urad […]