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NCEL granted export permission for rice and sugar
The Business Guardian
|December 07, 2023
The newly established National Cooperative Exports Ltd (NCEL) has received authorization to export 14,92,800 tonnes of non-Basmati rice to 16 countries and 50,000 tonnes of sugar to two countries, as disclosed by Cooperation Minister Amit Shah in the Rajya Sabha on Wednesday.
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Functioning under the ambit of the Multi-State Co-operative Societies Act, 2002, the NCEL, registered in January this year, operates across agriculture, allied activities, handloom, and handicraft items. With an objective to double its revenue by 2025 from the present Rs 2,160 crore, the entity has actively enrolled numerous cooperatives, garnering 2,581 membership applications from 22 states and Union Territories.
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