State Trading Companies

Posted in Marketing and Strategy Terms, Total Reads: 305
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Definition: State Trading Companies

State trading companies are companies that are owned, supported or controlled by the Govt. and are authorized to engage in procurement of important raw materials and export of commodities and merchandize.


These companies are subjected to the GATT rule of trading.


Example

NTPC, NALCO are some of the examples of the state trading companies in India. These companies are involved in coal procurement and its export and import.

 



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