Product Country
Increase Font Size Decrease Font Size
Menu
Market News
 
National Co-operative Exports to deal with agriculture, textile and handicrafts.
Jan 18, 2023

The newly-approved National Co-operative Exports Limited (NCEL) will cover agriculture and allied activities as well as handloom and handicrafts items by enrolling a large number of co-operatives under its fold with a target to double its revenue by 2025 from the current level of about Rs.2,160 crore among 10 major co-operatives that will be its members.
 
NCEL will have an authorised share capital of Rs.2,000 crore in which the initial paid-up share capital will be Rs.500 crore to be contributed equally by Indian Farmers Fertilizer Cooperative (IFFCO), Krishak Bharati Cooperative (KRIBHCO), National Agricultural Cooperative Marketing Federation of India (NAFED), Gujarat Cooperative Milk Marketing Federation (GCMMF) and National Cooperative Development Corporation (NCDC), sources said. The Cabinet last week approved its creation.
    

thehindubusinessline.com

Archive