In the meet, cooperation minister Amit Shah will launch the logo, website and brochure of NCEL and distribute the membership certificates, according to an official statement.
To harness agricultural products exports potential through the newly-established National Cooperative for Exports Limited (NCEL), more than 1,000 members of cooperatives will be participating in a national symposium on Monday.
In the meet, cooperation minister Amit Shah will launch the logo, website and brochure of NCEL and distribute the membership certificates, according to an official statement.
NCEL is jointly promoted by four leading cooperatives – Gujarat Cooperative Milk Marketing Federation (Amul), Indian Farmers’ Fertiliser Cooperative (Iffco), Krishak Bharti Cooperative (Kribhco), National Agricultural Cooperative Marketing Federation of India (Nafed) and National Cooperative Development Corporation (NCDC).
NCEL, which focuses on exports of agriculture and allied activities as well as handloom and handicrafts items by enrolling a large number of co-operatives, aim to double its revenue by 2025 from the current level of about `2,160 crore.
Recently, a bulk of white rice export orders approved under the government-to-government (G2G) route have been assigned to NCEL, which was registered under the multi-state co-operative societies Act, 2002, in January this year.
Cooperative societies that aim to exports their produce, are eligible to become member of the NCEL, which has an authorised share capital of `2,000 crore, accoding to the statement.
Last week, the government approved exports of 1.34 million tonne of non-basmati white rice to seven countries from Asia and Africa including Philippines, Malaysia, Cameroon, Ivory Coast and Nepal through NCEL, while in September, the it approved exports of 75,000 tone of non-basmati rice to the United Arab Emirates.
In August, the government had approved exports of 0.14 MT of white rice to Bhutan (79,000 tonne), Singapore (50,000 tonne) and Mauritius (14000 tonne) through the newly-created body.
Source:financialexpress.com