SLCM bags FICCI Sustainable Agriculture Award 2021

SLCM bags FICCI Sustainable Agriculture Award 2021

Sohan Lal Commodity Management (SLCM), India’s leading comprehensive service provider in the post-harvest management space for agricultural commodities has been honoured with the ‘Sustainable Agriculture Award 2021’ by FICCI.

The award was conferred on SLCM for its proprietary ‘AgriReach’ process management system. In India, where post-harvest losses are pegged at nearly Rs 1 lakh crore, deployment of the ‘AgriReach’ framework of services has helped substantially in reducing such losses to 0.5 per cent at warehousing facilities under SLCM’s management. ‘AgriReach’ combines a series of processes, audits and real-time tracking of the facilities to give error-free results and minimise the risk of damage to stored crops. It uses techniques like geo-fencing, real-time tracking, bar-coded storage receipts to avoid thefts or pilferage and internal audits with a ‘maker and checker’ policy at each level of operation.

The company since the month of April 2021 has started executing its warehousing contracts using the proprietary ‘AgriSuraksha’ solution, another product under the Agri Reach umbrella that incorporates the latest Internet of Things (IoT)-based surveillance technology. This enables real-time monitoring and interaction with the personnel at storage sites agnostic of infrastructures like availability of electricity or the fact that the grains may be stored in open ground under the sky with no roof on top as well.

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SLCM in the month of October 2021 has rolled out the beta version of its path-breaking ‘AgriReach Mobile Quality Check App’ for agricultural commodities under the ‘AgriReach’ umbrella. The QC App enables 360-degree evaluation by a cross-section of stakeholders that includes processors, traders, exporters, importers, government agencies and financial institutions such as banks.

Commenting on being a recipient of the award, Sandeep Sabharwal, Chief Executive Officer, SLCM Group said, “This recognition validates our belief that the use of cutting edge technologies like Internet of Things (IoT), Artificial Intelligence (AI) and Machine Learning (ML) based real-time process management solution can be extended to the agriculture sector for preservation, management and security (PMS) of food grain stock. This award encourages our team to rapidly scale up our cutting-edge technology-based solutions and applications and take it to the next level for mass adoption by multiple stakeholders which will be a force multiplier to demonstrate development at the bottom of the pyramid.”

The award was received by Salman Ullah Khan, Chief Business Officer, SLCM along with Rakesh Kumar Rana, Chief Business Officer, Digital Initiatives, SLCM on behalf of the organisation on November 18, 2021.

SLCM currently has a network of 7,335 warehouses and has disbursed loans worth Rs 23.44 billion over the last three years through its wholly-owned subsidiary Kissandhan business unit. As on October 2021, SLCM had directly touched the livelihoods of over 3.05 crore people and positively impacted the lives of 19.53 crore people.

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