The newly approved National Co-operative Exports Limited (NCEL) is going to cover agricultural activities as well as handloom and handicrafts items. This is going to be accomplished by enrolling a large number of co-operatives under its fold. The organisation has a goal to double its revenue, from the current amount of Rs. 2160 crore by 2025.
Sources said that NCEL will have an authorised share capital of Rs. 2000 crore wherein the initial paid-up share capital will be Rs. 500 crore. This amount will be equally contributed to by Indian Farmers Fertilizer Cooperative (IFFCO), Gujarat Cooperative Milk Marketing Federation (GCMMF), Krishak Bharati Cooperative (KRIBHCO), National Agricultural Cooperative Marketing Federation of India (NAFED) and National Cooperative Development Corporation (NCDC).
The registered office of NCEL will initially be in New Delhi and the organisation will start operating from the Delhi office of GCMMF.
“Sufficient finance, export orientation, adequate infrastructure, standardisation, market awareness and certification of products are some of the main issues that need to be addressed for growth of exports by cooperatives,” an official said.
Officials also added that NCEL could easily help double the export turnover of all co-operatives under its purview and will also provide support for aggregation of domestic surplus, working capital, technical know-how, logistics and training.
An official said that NCEL is likely to operate as a purely business entity since there is no financial contribution by the Centre nor any interference by its management.
Experts, however, have warned that NCEL should get into direct exports on its own and it should not be made dependent on government-to-government (G2G) business, due to changes in geopolitical circumstances.
NCEL’s area of operations will include handloom, handicrafts, textiles, agriculture, horticulture, dairy, poultry, livestock and more.
Bharat Tex Special Report 2026 
