Answer to Question #157573 in Management for Subin

Question

Critically evaluate the success of STC of india in achieving the objectives for which it was established

Answer 1

The State Trading Corporation (STC) in India has made major strides in line with the objective it was created for. For instance, it has increased the variety of goods traded to more than 300 items. With the corporation having an objective to increase export volumes in India, various actions have been undertaken. Some include adding new products for the export market, such as sports shoes, pipes, among others. It has also made efforts to expand markets for locally manufactured products locally and abroad. This has been through developing new and long-term business relationships with other trading partners. Additionally, it has created a steady supply of quality goods in existing and new markets.