Major State trading organizations in India
Let’s learn about the major state trading organizations in India. State Trading Corporation of India Ltd is an international trading company owned by Government of India. The company is involved in the export, import and domestic trading of a range of products, both agricultural and non-agricultural commodities. They exports foodgrain, castor oil, coffee, cashew and tea and imports bullion, vanaspati and edible oils, pulses, hydro-carbons, metals and minerals and fertilizers.
The company has one subsidiary, namely STCL Ltd (formerly known as Spice Trading Corporation of India Ltd).State Trading Corporation of India Ltd was incorporated in the year 1956. During the year early years, the company dealt with the East European countries, but now they trade with almost all the countries of the world. The company was developed vast expertise in handling bulk international trade.Following are the major state trading organisation in India.
The State Trading Corporation is a registered company under Indian Companies Act and managed by a Board of Directors including both executive and non-executive directors. It is headed by a Chairman.
- Handicraft and Handloom Exports Corporation of India Ltd. (HHEC)
- The Projects and Equipment Corporation of India Ltd. (PEC)
- MMTC Ltd.
- Mica Trading Corporation of India Ltd. (MITCO)
- Spices Trading Corporation Ltd.
