Financial Daily from THE HINDU group of publications
Friday, Mar 31, 2006
Financial Daily from THE HINDU group of publications Friday, Mar 31, 2006 |
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Corporate
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Outlook Industry & Economy - PSU STC sees 33 pc rise in turnover Our Bureau
Mumbai , March 30 State Trading Corporation of India Ltd (STC) has signed a memorandum of understanding with the Ministry of Commerce for 2006-07. Dr Arvind Pandalai, STC Chairman and Managing Director, and Mr S.N. Menon, Commerce Secretary, on behalf of the Department of Commerce, signed the MoU. For the year 2006-07, STC has projected growth targets in all the three segments of trade - exports, imports and domestic marketing according to Dr Pandalai. STC plans to achieve Rs 10,000-crore turnover during 2006-07. While exports have been projected to grow by 25 per cent, imports and domestic sales are slated to register growth of 35 per cent and 25 per cent respectively.
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