Cooperation Minister Amit Shah will launch a logo, website and brochure of a newly formed National Cooperative for Exports Limited (NCEL) at a national symposium in the national capital on Monday.
Shah will also distribute membership certificates to NCEL members at the symposium to be organized here at the Pusa Complex.
“A wide range of issues, including channeling cooperatives for linkages to export markets, potential of Indian agricultural exports and opportunities for cooperatives, among others, will be discussed during the symposium,” the ministry said in a statement.
NCEL came into being after Shah emphasized the need to establish a multi-state cooperative at the national level that would function as an umbrella organization for exports by the cooperative sector.
NCEL, which was registered under the Multi-State Co-operative Societies Act on January 25 this year, has an authorized share capital of Rs 2,000 crore and those co-operative societies from primary to top level who are interested in exporting come into eligible to become a member.
The aim is to focus on exporting the surplus available in the Indian cooperative sector by accessing wider markets beyond the geographical contours of the country.
“It will include agricultural and allied activities as well as handlooms and handicrafts by taking under its wing a large number of cooperatives with the aim of doubling revenues by 2025 from the current level of around Rs 2,160 crore,” the ministry said.
The symposium will begin with a presentation by officials of the Ministry of Cooperation on the various initiatives taken to strengthen the cooperative sector.
The second half of the symposium will consist of technical sessions on a range of topics, including channeling cooperatives for linkages to export markets, the potential of Indian agricultural exports and opportunities for cooperatives, making India the dairy hub of the world, and the world’s largest grain production center. storage plan in the cooperative sector.
More than 1,000 participants, including cooperative members of NCEL and representatives from various cooperative sectors, are expected to attend the symposium.
NCEL is jointly promoted by four leading cooperatives: Gujarat Cooperative Milk Marketing Federation (GCMMF – Amul), Indian Farmers’ Fertilizer Cooperative (IFFCO), Krishak Bharati Cooperative (KRIBHCO) and National Agricultural Cooperative Marketing Federation of India (NAFED) and National Cooperative Development Corporation (NCDC).
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