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State Trading Corporation vaibhav

State Trading Corporation vaibhav

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Published by vaimasters
A report on State Trading Corporation of India.
Amazing Facts and intersting format.
A report on State Trading Corporation of India.
Amazing Facts and intersting format.

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Published by: vaimasters on Feb 18, 2009
Copyright:Attribution Non-commercial

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09/15/2013

 
State Trading Corporation of India Limited 
- 1 -
EXPORT IMPORT PROCEDURES
Project on: 
State Tr ading Cor por ationOf India Limited
 
State Trading Corporation of India Limited 
- 2 -
INDEX
Topic PageNumber1. INTRODUCTION 32. FUNCTIONSOF STC 53. OBJECTIVESOF STC 64. STCSEXPORTS 75. IMPORTSINTO INDIA 86. SERVICES 97. ANALYSIS 108. OTHER STATE TRADINGORGANIZATIONSIN INDIA 149. CANALYSING AGENCY 1510. ADVANTAGES–DISADVANTAGES 1611. STCSITEMSFOR EX-IM 1612. CONCLUSION 1713. QUESTIONNAIRE 18
 
State Trading Corporation of India Limited 
- 3 -
INTRODUCTION
The State Trading Corporation of India Ltd. (STC) is a premier international tradinghouse owned by the Government of India. Having been set up in 1956, the Corporationhas developed vast expertise in handling bulk international trade. Though, dealing largelywith the East European countries during the early years of its formation, today it tradeswith almost all the countries of the world.The institution of Public Sector Commercial Corporation was created in the fiftieswhen India started developing trade exchanges with the East European countries. Indiawas one of the few developing countries to have established trade with the East Europeancountries. The Rupee Payment Agreement was instrumental in improving trade with thesecountries. In the initial years of India’s planning era, this agreement had helped thecountry to have access to capital goods and equipment as wall as key inputs likefertilizers, non-fertilizers, non-ferrous metal and petroleum for which otherwise paymentwould have been made in hard earned foreign exchange.India was also able to develop some of its exports sectors, especially wool andwoolen products, readymade garments and leather footwear by exploring the market of East Europe. These exports and imports were undertaken by the state trading organizationlike STC.By virtue of infrastructure and experience possessed by the Corporation, it playsan important role in arranging import of essential items into India and developing exportsof a large number of items from India. It exports a large number of items ranging fromagricultural commodities to manufactured products from India to all parts of the world.Because of Corporation's in depth knowledge about the Indian market, STC is able tosupply quality products at most competitive prices and ensures that the goods reach theforeign buyer within the prescribed delivery schedule. It also imports bulk commoditiesfor Indian consumer as per demand in the domestic market.Over the years STC has become the premier international trading organization. Itoffers a wide range of services and handles exports of almost everything that Indiaproduces from coffee to compressors, tobacco to textile machinery. It imports wide rangeof products from raw materials to equipment. The role of STC as a path finder for theIndian industry has been quite praiseworthy. As an international marketing agency, itsservices relating to negotiating, contracting, financing, product development, qualitycontrol, market intelligence, shipment and settlement of trade dispute has been quitesignificant

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