What does State Trading Corporation of India Ltd. (STCI) mean?
#1
It is a premier international trading house owned by the Government of India. Having been set up in 1956, the Corporation has developed vast expertise in handling bulk international trade. Though, dealing largely with the East European countries during the early years of its formation, today it trades with almost all the countries of the world.

SERVICES 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.
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