Can you please tell me the objective and the aim of State Trading Corporation of India Limited (STC)? Tell me the services and the products offered by this Company? Also tell me the toll free number of State Trading Corporation of India Limited (STC)?

The State Trading Corporation of India Limited (Four Star Export House) STC has been in international trade for over six decades

Objectives:

Following are the important objectives of State Trading Corporation:

Objectives, Functions and Defents in the State Trading Corporation of India

In India, the State Trading Corporation (STC) was set up in May 1956 as an entirely state- owned organisation. Its basic aim is to stimulate India’s foreign trade, by enlarging the scope of Indian exports and facilitating essential imports.

Objectives of STC:

Following are the important objectives of State Trading Corporation:

1. To enlarge exports,

2. To facilitate trade (imports) in specific commodities,

3. To augment the revenue of the State,

4. To bring about greater economic equality,

5. To regulate trade (imports and exports) in certain commodities, and

6. To regulate and overcome difficulties of trade with communist countries.

Functions of STC:

To fulfil the objectives as stated above, STC has the following functions to carry out:

1. Improving overall trade, domestic as well as international.

2. Augmenting the national resources of the country for promoting trade.

3. Undertaking of trading generally with State trading countries and private foreign traders too.

4. Exploring of new markets for traditional export items and developing exports of new items.

5. Stabilisation of price and traditional distribution by importing at the Government’s instance any commodity in short supply.

6. Handling of such internal trade as promotes foreign trade.

7. Ensuring the quantity and quality of various commodities to foreign buyers at competitive rates.

8. Assisting in the settlement of trade disputes between exporters and importers in different countries wherever, India is directly concerned.

Contact:

State Trading Corporation
No. 7/A, Nandini Layout, Bengaluru, Karnataka 560096
Phone: 080 2319 8801