Metal trading corporation india
As a consequence of the government's decision to earn foreign currencythe State Trading Corporation of India Ltd. Retrieved from " https: The Company was incorporated on 26 September at New Delhi. India's largest foreign exchange earner. Then it made a foray metal trading corporation india European market with the exports of one lakh tonnes of iron ore to Slovakia and Romania.
From the year onwards, the company started to import the Chemical items and Homeopathic Medicines. During the yearMMTC opened a duty-free jewellery show room at Chhatrapati Shivaji International Airport and a Memorandum of understanding was signed with the metal trading corporation india of Orissa for development of existing Gopalpur minor metal trading corporation india into an all-weather, deep water and direct berthing port. This article needs additional citations for verification. Imports worth 20 metric tonnes of gold and silver worth tonnes was made and the company opened new gold vaults at Hyderabad and Vizag to offer its services to the customers in these areas. The Company has a vast international trade network, spanning almost in all countries in AsiaEuropeAfricaOceaniaAmerica and also includes a wholly owned international subsidiary in SingaporeMTPL.
From the year onwards, the company started to import the Chemical items and Homeopathic Medicines. In The yearMetal trading corporation india had received government approval for acquiring an equity stake in the consortium, which has undertaken the project for construction of a permanent iron ore-loading berth at Ennore to decongest Chennai port. Then it made a foray into European market with the exports of one lakh tonnes of iron ore to Slovakia and Romania. Japan and South Korea continued to be the major markets till the year of
Use dmy dates from November Use Indian English from November All Wikipedia articles written in Indian English Articles metal trading corporation india additional references from July All articles needing additional references All articles with dead external links Articles with dead external links from May Articles metal trading corporation india permanently dead external links. On 14 September In The yearMMTC had received government approval for acquiring an equity stake in the consortium, which has undertaken the project for construction of a permanent iron ore-loading berth at Ennore to decongest Chennai port.
Views Read Edit View history. Being the largest player in bullion trade, including retailingMMTC's share was tonnes of gold out of the total import of tonnes metal trading corporation india the precious metal in After Independence the government decided metal trading corporation india authorize the mining of scarce mineral resources to the public sector rather than private sectoralthough India's National Mineral Policy clearly states that it does not "preclude the State from securing the co-operation of private enterprise in the larger interest of the State or with a view to accelerating the pace of development".
India's largest foreign exchange earner. The Corporation started functioning on 1 October. July Learn how and when to remove this template message. This page was last edited on 10 Januaryat Under the Constitution of Indiamineral metal trading corporation india and authority of mining laws remain vested with the state governments.