353 national centre for trade information ncti

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3.5.3 National Centre for Trade Information (NCTI). National Centre for Trade Information(NCTI) is a joint venture of India Trade Promotion Organisation (ITPO) and National Informatics Centre (NIC) under the aegis of Ministry of Commerce. It has been incorporated and registered as a company under Section 25 of Indian Companies Act, 1956. The company has a Board of Directors for administration of its affairs, which include representatives from National Informatics Centre, India Trade Promotion Organisation, Apex chamber of Commerce/ Industry/ Trade, Export Promotion Councils and Commodity Boards etc.. NCTI is setup to synergise the efforts of different organisations engaged in collection, processing and dissemination of trade and investment information . 3.5.4 India Trade Promotion Organisation (ITPO) Indian Trade Promotion Organisation (ITPO), New Delhi, is the premier trade promotion agency of India and provides a broad spectrum of services to trade and industry so as to promote export. With Headquarters at Pragati Maidan, a modern exhibition complex spread over 150 acres in New Delhi and regional offices at Bangalore, Chennai, Kolkata and Mumbai, ITPO ensures a representative participation of trade and industry from different regions of the country at its events in India and abroad. 3.5.5 State Trading Corporation (STC) The State Trading Corporation of India Ltd. (STC) 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
304 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. By virtue of infrastructure and experience possessed by the Corporation, it plays an important role in arranging import of essential items into India and developing exports of a large number of items from India. It exports a large number of items ranging from agricultural 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 to supply quality products at most competitive prices and ensure that the goods reach the foreign buyer within the prescribed delivery schedule. It also imports bulk commodities for Indian consumer as per demand in the domestic market. The eventful track record of more than 50 years has helped STC to gear itself to face the fierce competitive challenges, seize business initiatives and build on its core competencies. 3.5.5.1 Services provide by STC 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.

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