India, Aug. 6 -- The Government of India issued the following news release:
The Ministry of Cooperation has set up National Cooperative Exports Limited (NCEL) under the Multi-State Cooperative Societies (MSCS) Act, 2002 as an umbrella organization to give thrust to exports from cooperative sector. This society will focus on exporting the surpluses available in the Indian cooperative sector by accessing wider markets beyond the geographical contours of the country, thereby, increasing the demand of Indian Cooperative products/services across the globe and fetch best possible prices for such products/services. It will promote exports through various activities including procurement, storage, processing, marketing, branding, labelling, packaging, certification, research and development, etc, and trading of all types of goods and services produced by cooperative societies. The society will also help in arranging finance, provide technical guidance, help in training and capacity building, develop and maintain market intelligence system, implement related government schemes and undertake any other such activities which will increase exports from the cooperative sector and other related entities.
Any multi-State co-operative society or any co-operative society registered or deemed to be registered under any law relating to co-operative societies in force in any State or Union Territory is eligible for membership of this Society.
As per information provided by NCEL, so far 11,034 cooperatives have been granted membership as under: -
Table Omitted (The document can be viewed at https://www.pib.gov.in/PressReleasePage.aspx?PRID=2153191 )
Disclaimer: Curated by HT Syndication.
