Central Committee appoints Yes Bank as National Consultants

New Delhi, June 9 (UNI) The Central Committee, set up by the Union Ministry of Agriculture to put up Modern Terminal Market Complexes at important urban centres across the country, today said it has appointed Yes Bank as its National Consultants.

Under the Memorandum of Understanding that was signed on May 31, 2006, the bank will assist the Committee for selection of private enterprises to set up the complexes for perishables.

The bank will prepare the bid document, outline the procedure for the bidding process and develop the framework for the selection of private enterprises.

Yes Bank will also work out the modalities for the implementation and mark milestones for monitoring bids and selecting the successful private enterprise.

''The appointment of Yes Bank would facilitate the speedy implementation of the Modern Terminal markets across the country, which would help in linking the farming community to the retail chains given their requirement for high quality produce,'' National Institute of Agricultural Marketing (NIAM) Director General Anurag Bhatnagar said.

''Yes Bank can play a pivotal role in the development of the sector given its expertise in the food and agri-business domain.

We have been associated with both the Union and the state governments on several significant initiatives in the Food and Agri sector and this experience is a driving force of the bank's initiative on this front,'' Yes Bank Managing Director and CEO Rana Kapoor said.

UNI CS RA VV1754