State Trading Corporation Of I

Established in 1956, The State Trading Corporation of India Ltd. (STC) is a Public Sector Undertaking (PSU) under the administrative control of the Ministry of Commerce & Industry, Government of India. It was set up to be a premier international trading house to handle trade with Eastern European countries and to supplement the efforts of the private sector in developing Indian exports. Over the years, its activities covered a wide range of items for export, import, and domestic trade. In January 2023, the Indian government decided to close the corporation as part of its restructuring of public sector enterprises.