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Promoters
Promoters of NMCE - Strengths

Central Warehousing Corporation (CWC)

Central Warehousing Corporation is a Government of India undertaking and provides warehousing facilities at various centres throughout India. It holds 50% equity in 16 State Warehousing Corporations all over the country. Operates over 482 warehouses across the country with storage capacity of 9.3 million tonnes. It holds 50% equity in 17 State Warehousing Corporations who are operating 2054 warehouses with a capacity of 30 million tonnes-Largest warehousing agency under single management in the world.Also offers services in the area of clearing & forwarding, handling & transportation, procurement & distribution etc. The concept of Warehouse Receipts to be used on the commodity exchange for trading could easily be implemented initially in the 482 warehouses of CWC.

National Agricultural Co Operative Marketing Federation of India Limited (NAFED)

NAFED is a National Apex body of Cooperative Marketing in the country along with 27 State level Marketing Federations, 16 State level Special commodity Marketing Federations, 10 State level Tribal Co-operative Development Corporations and 172 District and Regional Marketing Societies. NAFED undertakes internal trade covering a wide range of agricultural, horticultural, tribal and allied produce. NAFED network covers almost all-primary and secondary markets. Central nodal agency of for undertaking procurement under MSP.

Gujarat Agro Industries Corporation Limited (GAIC)
  

GAIC is engaged in marketing and export of agro based products and undertakes activities for the development of agriculture sector in Gujarat. It is a nodal agency for setting up projects such as Agro Processing Units, Public Markets and Post Harvest Facilities.

Gujarat State Agricultural Marketing Board (GSAMB)

GSAMB is regulator of Agricultural Produce Marketing Committees (APMCs) (Mandis) in 172 centers of Gujarat where Agricultural Commodities are auctioned in all the centers daily.

National Institute of Agricultural Marketing (NIAM)

Nodal institute for research and training for value addition in the agricultural marketing sector. The NIAM on the continuous basis identifies the major thrust areas in agricultural marketing and organizes Workshops, seminars and training in the macro and micro areas of agricultural marketing.

Neptune Overseas Limited (NOL)
   
 

Neptune Overseas Limited was a Government of India recognized Export House.  However, now it is not engaged in any trading activities.  It is just one of the holding companies, having no conflict of interest with NMCE's business, members or the clients of the members.

Punjab National Bank (PNB)
   
 

Established in 1895 at Lahore, undivided India, Punjab National Bank (PNB) has the distinction of being the first bank to have been started solely with Indian capital. From its modest beginning, the bank has grown in size and stature to become a front-line banking institution in India at present. During its existence of over one-hundred years, Punjab National Bank has faced many a trials of strength including the trauma of partition of India in 1947 at the time of independence. However, due to its inherent strengths and resilience, the bank not only withstood such adversities but established itself still firmly on the Indian subcontinent. The bank was nationalised in July 1969 along with 13 other banks. The bank's strength lies in its corporate belief of growth with stability.

With its presence in virtually in all the important centres of the country, Punjab National Bank offers a wide variety of banking services which include corporate and personal banking, industrial finance, agricultural finance, financing of trade and international banking. Among the clients of the bank are multinational companies, Indian conglomerates, medium and small industrial units, exporters and non-resident Indians. The large presence and vast resource base have helped the bank to build strong links with trade and industry.

At the same time, the bank has been conscious of its social responsibilities by financing agriculture and allied activities and small scale industries (SSI). Considering the importance of small scale industries bank has established 16 specialised branches to finance exclusively such industries.

With its long tradition of sound banking and in-depth knowledge of Indian economy, the bank has been able to help its clients in their projects. Punjab National Bank is ranked 416 among the biggest banks in the world by Bankers' Almanac (July 2002) London.

Strong correspondent banking relationship which Punjab National Bank maintains with 200 leading international banks all over the world enhances its capabilities to handle transactions world-wide. Besides, bank has Rupee Drawing Arrangements with exchange companies in the Gulf. Bank is a member of the SWIFT and 85 branches of the bank are connected through its computer-based terminal at Bombay. With its state-of-art dealing rooms and well-trained dealers, the bank offers efficient forex dealing operations in India.

The bank has been focussing on expanding its operations outside India and has identified some of the emerging economies which offer large business potential. Bank has set up a representative office at Almaty, Kazakhktan w.e.f. 23rd October 1998.

Keeping with its tradition of excellence in customer service PNB has adopted a quality movement "Alliance with Quality". Under this as many as 364 offices of the bank have been awarded the coveted ISO 9002 certification. The bank is committed to maintaining the highest standards of service and will be covering more offices under this quality movement.

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