Sources said the new cooperative would be headquartered in Delhi and any cooperative in India, whether governed by state laws or Central legislation, could become a member of the body to export its products and find new markets.
The Centre’s new multi-state cooperative society for exporting products of cooperatives will have an authorised share capital of Rs 2,000 crore and an initial paid-up capital of Rs 500 crore contributed by five such organisations.
These are the Indian Farmers Fertiliser Cooperative (Iffco), Krishak Bharti Cooperative (Kribhco), National Agricultural Cooperative Marketing Federation (Nafed), Gujarat Cooperative Milk Marketing Federation (GCMMF), and National Cooperative Development Corporation (NCDC).
The new cooperative for promoting exports is part of the three such organisations being formed. Sources said the new cooperative would be headquartered in
First Published: Jan 19 2023 | 6:52 PM IST