-Chandigarh, 19 December 2024: Punjab National Bank (PNB), India’s top public sector bank, has signed a Memorandum of Understanding (MoU) with Federation of Cold Storage Associations of India, to enhance agricultural infrastructure and cold chain development in India. This partnership will significantly elevate PNB as a key industry player and help PNB strengthen its resolve to uplift the agrarian sector and the agri value chain of the country.
The MoU was signed at an event in New Delhi towards reducing post-harvest loss and improving agricultural value chain in India.
This MoU has been signed in presence of Shri Atul Kumar Goel, MD & CEO PNB, Shri Kalyan Kumar, Executive Director PNB, Shri Sunil Kumar Chugh, Chief General Manager PNB, Shri K. S. Rana, General Manager (Agriculture) PNB, Shri Mukesh Aggarwal, President, Federation of Cold Storage Associations of India and other bank and Federation dignitaries.
Speaking on the occasion, Shri Atul Kumar Goel, MD & CEO of PNB, highlighted the critical need for modern storage infrastructure to transform Indian agriculture. He stressed the importance of cold storage facilities in addressing post-harvest losses and ensuring better price realisation for farmers, thereby fostering economic growth in rural areas.
Shri Kalyan Kumar, Executive Director of PNB, emphasised the pivotal role of cold chain infrastructure in creating a sustainable and efficient ecosystem for farmers and agribusinesses. He noted that seamless cold chain solutions would not only enhance value addition but also improve the movement of agricultural produce to markets.
Commenting on the collaboration, Shri Mukesh Aggarwal, President of the Federation of Cold Storage Associations of India, stated, “This partnership will significantly improve the fortunes of the farming community by enabling access to state-of-the-art storage and logistics solutions.”
This MoU represents a strong step forward in fostering innovation, modernising agricultural infrastructure, and ensuring that farmers and agribusinesses have access to efficient storage and cold chain solutions.
