Edelweiss Integrated Commodity Management (EICML), a part of the Edelweiss Group announced the opening of its state-of-the-art National Quality Assaying & Testing laboratory at Navi Mumbai. The company also inaugurated its 30th branch at Vashi today.
EICML is a fully owned subsidiary of Edelweiss Financial Services, India's leading diversified financial services group. This is the first of its kind facility in APMC Vashi and Mumbai and will be catering to the needs of commodity traders, brokers, corporate and government institutions.
This lab is equipped with state-of-the-art technology having machinery such as Dickey John NIR which will be used for testing of seeds, Lovibond Tintometer for testing of Veg Oils, Gerhardt Technology for testing of proteins in oilcakes, UV Spectrophotometer for testing of Sugar and Carl Fisher for testing of Moisture in fertilizers and chemicals. Besides, it will soon start with third party testing of Samples of Agriculture commodities.
Speaking on the occasion, Santosh Dadheech, CEO, Edelweiss Agri Value Chain said, ''We are expanding the agri value chain and the opening this testing laboratory is a step in that direction. The laboratory will have recurring benefits for traders, brokers, Government institutions and farmers alike.''
Edelweiss is expanding the value chain end to end services ranging from procurement, logistics, warehousing, collateral management, financing etc on pan India level.
On next steps, Dadheech further added, ''We also plan to start Microbiological testing and Aflatoxin testing of commodities as well to expand our product portfolio.''
Shares of Edelweiss Financial Services declined Rs 0.05, or 0.09%, to trade at Rs 56.80. The total volume of shares traded was 15,644 at the BSE (1.08 p.m., Thursday).