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PUBLIC SECTOR UNDERTAKINGS :
The following trading/service public sector undertakings are functioning under the administrative control of the Department of Commerce.
The State Trading Corporation of India Ltd . and its subsudiaries
Address : Jawahar Vaypar Bhawan Tolstoy Marg, NEW DELHI-110001. Telephone : (91)11-23313177, (91)11-23701100Fax : (91)11-23701123, 23701191e-mail: [email protected] Site : http://www.stc.gov.in
STCL Limited (Formerly Spices Trading Corporation of India Limited).
Address : 166/2, 13th Main Road, Vasanthnagar, BANGALORE-560052Telephone : (91)80-22286925,22286926,22260409,22381376Fax : (91)80-22285086.e-mail: [email protected]: http://www.stcl.india.com
MMTC Ltd. (Formely known as Minerals and Metals Trading Corporation of India Ltd)
Address : Core 1, Scope Complex, Lodhi Road,, NEW DELHI-110003. Telephone : (91)11- 4362200, Fax : (91)11-4362224. Web site : http://www.mmtclimited.org
PEC Ltd (Formely knownProjects & Equipment Corporation of India Ltd)
Address : 15 'Hansalaya', Barakhamba Road, New Delhi - 110001 Telephone : (91) 11-3316372, 3314426 Fax :(91)-11-3314797, 3313804
Web site : http://www.peclimited.com/
Export Credit Guarantee Corporation of India Ltd. (ECGC)
Address : Express Tower, 10thFloor, P.B.No. 373,Nariman Point ,MUMBAI-400021. Telephone : (91)22-2022587, (91)22-2024852. Fax : (91)22-2045253, (91)22-2023267. Website : http://www.ecgcindia.com
India Trade Promotion Organisation (ITPO)
Indian Trade Promotion Organisation (ITPO), New Delhi, is the premier trade promotion agency of India and provides a broad spectrum of services to trade and industry so as to promote export. With Headquarters at Pragati Maidan, a modern exhibition complex
spread over 150 acres in New Delhi and regional offices at Bangalore, Chennai, Kolkata and Mumbai, ITPO ensures a representative participation of trade and industry from different regions of the country at its events in India and abroad.
Address : Pragati Bhawan, Pragati Maidan, NEW DELHI-110022. Telephone : (91)11- 332819 Fax : (91)11-3318142 Web site : http://www.indiatradepromotion.org
Public Sector Undertakings :
State Trading Corporation of India Limited (STC)
STC was set up on 18th May, 1956, primarily with a view to undertake trade with East European Countries and to supplement the efforts of private trade and industry in developing exports from the country. STC has played an important role in country’s economy by arranging imports of essential items of mass consumption (such as wheat, pulses, sugar, etc.) into India and developing exports of a large number of items from India. The core strength of STC lies in handling exports/ imports of bulk agro commodities. During past 4-5 years, STC has diversified into exports of steel raw materials, gold jewellery and imports of bullion, hydrocarbons, minerals, metals, fertilizers, petro-chemicals, etc. Achieving record breaking performances year-after-year, STC is today able to structure and execute trade deals of any magnitude, as per the specific requirement of its customers.
While undertaking import and export operations, the Corporation renders following services :
To the Overseas buyer:
STC acts as an expert guide for buyers interested in Indian goods. For them, STC finds the best Indian manufacturers, undertakes negotiations, fixes delivery schedules, oversees quality control - all the way to the final shipment to the entire satisfaction of the buyer.
To the Indian Industry:
The Indian manufacturers, whose products sail the seas via STC, benefit a lot from its expertise. STC helps thousands of Indian manufacturers to find markets abroad for their products. STC assists the manufacturers to use the best raw materials, guides and helps them manufacture products that will attract buyers abroad. Some of the other services offered by STC to the Indian manufacturers include :
*Financial assistance to exporters on easy terms.*Taking products of small scale manufacturers to international trade fairs and exhibitions.*Import of machinery and raw material for export production.*Assistance in the areas of marketing, technical know-how, quality control, packaging, documentation, etc.*Supply of imported goods in small quantities as per convenience of buyers.*Market intervention on behalf of the Government.
To the Indian Consumer:
The Indian consumers also benefit from STC's expertise and infrastructure. STC imports essential commodities for them to cover shortfalls arising in the domestic market. During the last one decade, STC imported sugar, wheat and pulses to meet domestic requirements at a very short notice.
EXPORTS FROM INDIA
STC exports a diverse range of items to a number of destinations throughout the world. Exports by STC vary from traditional agricultural commodities to sophisticated manufactured products.
Besides negotiating, contracting and shipping, STC seeks to introduce new products, explore new markets and undertake wide ranging ancilliary functions such as Product Development, Financing, Quality Control and Import of machinery and raw materials for export production.
STC makes purposeful use of its world-wide connections, abundant experience, up-to-date information about the market trends and long term perspective on various commodities to ensure competitive prices, right quality and adherence to delivery schedules to the buyers abroad.Address : Jawahar Vaypar Bhawan Tolstoy Marg, NEW DELHI-110001.Telephone : (91)11-23313177, (91)11-23701100Fax : (91)11-23701123, 23701191e-mail : [email protected] Site : http://www.stc.gov.in
STCL Ltd. is a subsidiary of STC. It was initially established in 1982 as Cardamom Trading Corporation Ltd., a Government of India undertaking under the Ministry of Commerce & Industry. The company developed from a solely cardamom trading corporation to become Spices Trading Corporation Ltd., in 1987. With globalization and opening of trade world over, Spices Trading orporation Ltd. was renamed as STCL Ltd. STCL became a wholly owned subsidiary of the State Trading Corporation of India Ltd. in 1999. STCL is involved in import, export and domestic trading of a varied range of products, both agricultural as well as non-agricultural. STCL, headed by a Chairman, is headquartered in Bangalore.
Address : 166/2, 13th Main Road, Vasanthnagar, BANGALORE-560052Telephone : (91)80-22286925,22286926,22260409,22381376Fax : (91)80-22285086.e-mail : [email protected] : http://www.stcl.india.com
MMTC Limited
The MMTC Limited (Minerals and Metals Trading Corporation) was created in 1963 as an individual entity on separation from State Trading Corporation of India Ltd. primarily to deal in exports of minerals and ores and imports of non-ferrous metals. In 1970, MMTC took over
imports of fertilizer raw materials and finished fertilizers. Over the years import and exports of various other items like steel, diamonds, bullion, etc. were progressively added to the portfolio of the company. Keeping pace with the national economic development, MMTC over theyears has grown to become the largest trading organization in India.
As the largest trading company of India and a major trading company of Asia, MMTC aims at improving its position further by achieving sustainable and viable growth rate through excellence in all its activities, generating optimum profits through total satisfaction of shareholders, customers, suppliers, employees and society.
CORPORATE OBJECTIVES
1. To be a leading International Trading House in India operating in the
competitive global trading environment, with focus on "bulk" as core competency and to improve returns on capital employed.
2. To retain the position of single largest trader in the country for product lines like minerals, metals and precious metals.
3. To promote development of trade-related infrastructure.4. To provide support services to the medium and small scale sectors.5. To render high quality of service to all categories of customers with
professionalism and efficiency.6. To streamline system within the company for settlement of commercial
disputes.
7. To upgrade employee skills for achieving higher productivity.
Address : Core 1, Scope Complex, 7, Institutional Area, Lodhi Road,, NEW DELHI-110003.Telephone : (91)11- 4362200,Fax : (91)11-4362224.Website : http://www.mmtclimited.org
PEC Limited
The PEC Ltd (Project and Equipment Corporation of India) was carved out of the STC in 1971-72 to take over the canalized business of STC’s railway equipment division, to diversify into turn-key projects especially outside India and to aid & assist in promotion of exports of Indian engineering equipment. With effect from 23rd May, 1990, PEC became a subsidiary of the then newly formed Holding Company, Bharat Business International Ltd. Thereafter, from 27th March, 1991, PEC became an independent company directly owned by Government of India. The main functions of PEC Ltd. includes export of projects, engineering equipment and manufactured goods, defence equipment & stores; import of industrial raw materials, bullion and agro commodities; consolidation of existing lines of business and simultaneously developing new products and new markets; diversification in export of non-engineering items eg. Coal & coke, iron ore, edible oils, steel scraps, etc.; and structuring counter trade/ special trading arrangements for further exports.
PEC thus offers:
Review and refinement of trade objectives thus helping a client to craft a strategic plan for building a profitable business.
Advising clients on adapting products, pricing and distribution to meet local needs and preferences in new markets.
Generation of a wealth of data on any transaction that a client may contemplate, from cost estimates to the creditworthiness of customers.
Negotiation of transactions on behalf of a client anywhere in the world taking into account the different cultures, customs, languages and monetary systems prevalent in that particular market.
Prepare all the necessary and indispensable paperwork required by each legal and regulatory jurisdiction that touches a client’s transactions.
Line up the funds required to set a client’s transaction in motion and oversee payment and collection at its conclusion.
Address : 'Hansalaya', 15, Barakhamba Road, New Delhi - 110001Telephone : (91) 11-3316372, 3314426Fax : (91)-11-3314797, 3313804Website : http://www.peclimited.com
Export Credit Guarantee Corporation of India Limited (ECGC)
The Corporation was established in 1957 as the Export Risk Insurance Corporation of India Ltd. Keeping in view the wider role played by the Corporation, the name was changed to Export Credit Guarantee Corporation of India Ltd. (ECGC). The ECGC is the premier organization in the country, which offers credit risk insurance cover to exporters, banks, etc. The primary objective of the Corporation is to promote the country’s exports by covering the risk of export on credit. It provides (a) a range of insurance covers to Indian exporters against the risk of non-realization of export proceeds due to commercial or political causes and (b) different types of guarantees to banks and other financial institutions to enable them to extend credit facilities to exporters on liberal basis.
Address : Express Tower, 10thFloor, P.B.No. 373,Nariman Point ,MUMBAI-400021.Telephone : (91)22-2022587, (91)22-2024852.Fax : (91)22-2045253, (91)22-2023267.Website : http://www.ecgcindia.com
India Trade Promotion Organization (ITPO)
India Trade Promotion Organization has been formed by merging erstwhile Trade Development Authority (TDA) with Trade Fair Authority of India (TFAI) with effect from 1st January, 1992. India Trade Promotion Organization is the premier trade promotion agency of India and provides a broad spectrum of services to trade and industry so as to promote India’s exports. These services include organization of trade fairs and exhibitions in India and abroad, Buyer-Seller Meets, Contact Promotion Programmes apart from information dissemination on products and markets.
Address : Pragati Bhawan, Pragati Maidan, NEW DELHI-110001.Telephone : (91)11- 23371491Fax : (91)11-23371492, 23371493Web site : http://www.indiatradefair.com
