National Cooperative Exports Limited

National Co-operative Exports Limited Latest News

Recently, the National Co-operative Exports Limited (NCEL) and the Agricultural and Processed Food Products Export Development Authority (APEDA) signed a Memorandum of Understanding (MoU) which is aimed at elevating India’s cooperative-led agricultural export.

About National Co-operative Exports Limited

• It is set up by the Ministry of Cooperation under the Multi-State Cooperative Societies (MSCS) Act, 2002.
• It is an umbrella organization to give thrust to exports from the cooperative sector.
• Aim: It aims to enhance the global competitiveness of cooperative-produced goods and services.
• Promoters of NCEL: Major cooperative institutions namely; AMUL (GCMMF), IFFCO, KRIBHCO, NAFED, and NCDC.
• Member eligibility: All cooperative societies from the level of primary to apex that are interested in exports are eligible to become members. 
• Headquarters: New Delhi, India.

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Functions of National Co-operative Exports Limited

• It promotes exports through various activities including procurement, storage, processing, marketing, branding, labelling, packaging, certification, research & development, and trading of all types of goods and services produced by cooperative societies.
• It also helps in arranging finance, provide technical guidance, help in training and capacity building, develop and maintain market intelligence systems.
• It focuses on exporting the surpluses available in the Indian cooperative sector by accessing wider markets beyond the geographical contours of the country.

Source: PIB