A Memorandum of Understanding (MoU) between agricultural technology business WayCool and Central Warehousing Corporation (CWC) has been signed in order to improve the portfolio’s distribution of agricultural inputs.
The main objective of this partnership is to enhance the food ecosystem in India by optimizing supply chain efficiency and minimizing waste. As per the agreement, WayCool will utilize six cutting-edge facilities located in South India, as well as additional facilities to be established in strategic locations. CWC will offer specialized warehousing and incidental services such as pest control, handling, transportation, inventory management, and e-NWR-based trading services to WayCool, as per reported by BW Disrupt.
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Commenting on the occasion, Amrit Bajpai, COO – WayCool Foods said, “WayCool is committed to transforming India’s food economy. This partnership with CWC further accelerates our journey towards enhancing the ecosystem for every player making it much more efficient. We have been working with CWC since 2017, and their technology in advanced warehousing has fuelled our innovations and robust automation that we introduced in the food and agri space. We are looking forward to a highly enriching journey as we grow and contribute in shaping a resilient future as India readies to become the food basket of the world.”
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Adding to this, Mr. Amit Kumar Singh, Managing Director – Central Warehousing Corporation said “We are excited to be entering into a strategic partnership with WayCool Foods today. It is exciting to see the impact that WayCool has been creating through its diversified offerings. We are thrilled to learn about their supply chain management expertise, the value addition, and the process re-engineering that is being carried out using technology. Truly, the vision of the new India which the Hon’ble Prime Minister has – doubling the farmers’ income, WayCool is already contributing to that. I can only see them expanding with this vision in the future and am equally excited to be a partner in this value chain. We look forward to partnering with them for the development of more such warehouses, building the supply chain management for our food grain warehouses, and creating specialized commodity parks in the future.”
WayCool has improved its skills and become more sensitive to market demands thanks to its expertise in supply chain management and cutting-edge shelf-life extension technology. The company has been effective in reducing food waste to less than 2% by guaranteeing a 98% fill rate, which has increased farmer earnings by 15–30%.
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About WayCool
WayCool Foods is India’s largest and fastest-growing agri-commerce company. The company, which focuses on food distribution and development, scales a complicated supply chain from the soil to the point of sale by utilising cutting-edge technologies. WayCool works with more than 85000 farmers through its farmer engagement programme, Outgrow.
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