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Ahmedabad-based Natural Storage Solutions Pvt Ltd (NSSPL) announced the signing of a memorandum of understanding (MoU) with Dhaka-based Star Infrastructure Development Consortium Ltd for setting up a cold storage facility in Bangladesh.
NSSPL is a designer and manufacturer of industrial refrigeration applications. Its portfolio includes turnkey solutions for refrigeration plants used for multi-purpose cold storage.
It also offers expertise in cold chain solutions with special purpose food processing equipment.
Star Infrastructure Development Consortium is an amalgamation of 16 entrepreneurs.
The two companies signed an agreement for setting up a controlled and modified atmosphere cold storage at a cost of 288million, reports Global Times.
The agreement entailed installation of special storage technology for long-term storage of onions and support for export of onions and other vegetables, Yogesh Dahiya, Managing Director, NSSPL, said.
Currently, NSSPL has a presence in the export market in West Asia, South Africa and Central America. India's exports to Bangladesh in 2010-11 stood at $4.56 billion, which increased to $6.16 billion in 2016-17