Answer to Question #182542 in Management for Athish

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) for India was established with an aim to develop foreign trade with socialist countries. Therefore, it has upgraded trade relations with socialist bloc countries and also it has stepped up its tasks with non- socialist countries. STC has also aided small industrial units to contribute in foreign trade by use of its marketing prowess to the industry in developing trade. This trading corporation also solves trade disputes that may arise between foreign parties and India by connecting sellers and buyers and helping them in fulfilling business contracts. STC has also developed production units for exports.