Last Updated :
16 March 2010 at 12:00 IST
STC to enter pulses contract farming overseas
NEW DELHI (Commodity Online): Public sector State Trading Corporation (STC) plans to enter several new areas of business including overseas contract farming in pulses, development of infrastructure at port areas among others.
STC has signed a Memorandum of Understanding (MOU) with the Ministry of Commerce for the year 2010-11 here last week. The MOU was signed by N.K. Mathur, Chairman & Managing Director on behalf of STC and Rahul Khullar, Commerce Secretary on behalf of the Department of Commerce.
Mathur informed that during 2010-11, the total turnover of STC has been projected to reach Rs.21,000/-crore. Increases have been projected in all the three segments of trade viz. exports, imports and domestic trade. The profit after tax has also been projected to increase by about 40%.
Among other new businesses identified include expansion of tea operations in domestic/export markets and apart from increased focus on business of bullion, hydrocarbons, edible oils, petrochemicals and agricultural commodities.
MCX COTTON 29 mm 31 May 2012
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