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    MITCO

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    Swati Milind Rajput
    MITCO was established in 1973 by the Government of India as a subsidiary of MMTC to handle trade of mica products. It deals with importing industrial mica products and exporting primary mica. Some key objectives are to be a leading international trading house and retain its position as the largest trader in India for assigned product lines. MITCO aims to improve the country's mica trade, enhance market shares, increase government revenues, and provide assistance to Indian exporters and importers.

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    MITCO

    Uploaded by

    Swati Milind Rajput
    567 views13 pages
    MITCO was established in 1973 by the Government of India as a subsidiary of MMTC to handle trade of mica products. It deals with importing industrial mica products and exporting primary mica. Some key objectives are to be a leading international trading house and retain its position as the largest trader in India for assigned product lines. MITCO aims to improve the country's mica trade, enhance market shares, increase government revenues, and provide assistance to Indian exporters and importers.

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    MITCO was established in 1973 by the Government of India as a subsidiary of MMTC to handle trade of mica products. It deals with importing industrial mica products and exporting primary mica. Some key objectives are to be a leading international trading house and retain its position as the largest trader in India for assigned product lines. MITCO aims to improve the country's mica trade, enhance market shares, increase government revenues, and provide assistance to Indian exporters and importers.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    567 views13 pages

    MITCO

    Uploaded by

    Swati Milind Rajput
    MITCO was established in 1973 by the Government of India as a subsidiary of MMTC to handle trade of mica products. It deals with importing industrial mica products and exporting primary mica. Some key objectives are to be a leading international trading house and retain its position as the largest trader in India for assigned product lines. MITCO aims to improve the country's mica trade, enhance market shares, increase government revenues, and provide assistance to Indian exporters and importers.

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    Download as PPTX, PDF, TXT or read online from Scribd
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    of 13

    MICA TRADING

    CORPORATION OF INDIA LIMITED

    (MITCO)
    By:-

    Shilpisweta Pattnaik

    STATE TRADING
    State trading is ultimate Government involvement in trade. There is no precise definition of state trading. It means Government Involvement in foreign trade either directly or through Government owned organizations either in place of or in addition to private traders. Thus, the Government may be the sole proprietor of foreign trade or it may share the foreign trade alongside the private traders. In short, the state trading includes control and ownership of foreign trade in the hands of the Government.

    STATE TRADING CORPORATION OF INDIA (STC)


    The State Trading Corporation (STC) was set up by the Government in May1956, incorporated under the Indian Companies Act. 1956. It was designed as the sole import export agency as may be decided by the Government of India from time to time. Initially it was established to deal with bilateral trading partners, largely in the socialist block. It has now become a wholly owned holding company of the Projects and Equipment Corporation of India Ltd., The Cashew Corporation of India Ltd., The Handicrafts and Handlooms Export Corporation of India Ltd.

    MAIN STATE TRADING CORPORATIONS


    The following major state trading organizations in India are in operation:

    The State Trading Corporation (STC) of India Ltd. The Projects and Equipment Corporation of India Ltd. (PEC), a wholly owned subsidiary of STC. The Cashew Corporation of subsidiary of STC. India Ltd. (CCI), a wholly owned

    The Handicrafts and Handlooms Export Corporation of India Ltd. (HHEC) , a wholly owned subsidiary of STC.
    The Minerals and Metal Trading Corporation of India Ltd. (MMTC). The Mica Trading Corporation of India Ltd. (MITCO); a wholly owned subsidiary of MMTC. The Tea Trading Corporation of India (TTCI).

    CANALISATION
    State trading is often associated with canalisation. Canalisation means establishment of state monopoly in foreign trade. In other words, an item that is canalised can be imported or exported, as the case may be, only by the designated state trading agency. Canalizing agency is the term used by a number of developing countries to describe the STEs they maintain. The term refers to the channeling, or canalizing, of imports and/or exports through a designated product- specific enterprise. Such STEs aim to provide some degree of price stabilization, particularly for producers, as well as to ensure availability of supplies for domestic consumers.

    MICA TRADING CORPORATION OF INDIA LIMITED (MITCO)


    The MITCO of India ltd. was incorporated in 1973, by government of India. MITCO established under the STC to deal with the trade of MICA products like mica waste, mica plates, mica rocks and mica papers etc. Due to the steady decline in turnover which had tuned negative, Board For Industrial & Financial Reconstraction(BIFR) ordered merger of MITCO with MMTC in 1 April 1995.MMTC Ltd. is holding its wholly subsidiary.

    TYPES OF MICA

    1. Muscovite mica- KAl2(AlSi3O10)(OH)2 -Muscovite Mica is the most commonly used Mica in electrical insulation and since it has the best electrical properties of all Mica. High quality Mica cleaves the easiest and into the thinnest sheets and with the fewest imperfections that could be seen at the atomic or near atomic scale with AFM or TEM instrumentation. Muscovite Mica is commonly divided into two color groups:
    Ruby : varies in color from clear to pink to red / brown Green: varies in color from pale green to olive to dark green

    CONT

    2. Phologopite Mica - KMg3(AlSi3O10)(OH)2 - is a hydrous potassium magnesium aluminium silicate. Here the calcination temperature is reached at about 800 C. Generally speaking, Phlogopite Mica is softer than Muscovite mica and this for instance makes it more suitable for the manufacture of commutator micanite used in commutators of flush running designs.

    Phlogopite Mica is commonly called amber mica and varies in color from light silver to dark brown. Phlogopite Mica has poor electrical properties and chemical resistance in comparision to Muscovite mica. Precision Mica Products Natural Mica Discs & Slides ASTM V-1 Quality Mica Shields Natural Fabricated Mica Ruby & green Mica Transistor Mica Custom Fabricated Mica Parts Mica Stainer Cores Corrugated Mica Shellac / Silicon Bonded Washers Mica Sheets Re - Constituted Mica Phlogopite / Muscovite Phlogopite/Muscovite Mica Flakes & Powder

    MICA PRODUCTS

    OBJECTIVE

    To be a leading International Trading House in India operating in the competitive global trading environment, with focus on "bulk" as core competency and to improve returns on capital employed. To retain the position of single largest trader in the country for product lines. To promote development of trade-related infrastructure. To provide support services to the medium and small scale sectors. To render high quality of service to all categories of customers with professionalism and efficiency. To streamline system within the company for settlement of commercial disputes To upgrade employee skills for achieving higher productivity.

    ACTIVITIES
    Export of primary mica products. Import of industrial mica products. Providing the financial services to the Indian Exporters & Importers.

    ADVANTAGES OF MITCO
    Improving the country trade in mica pdts. To enhance the mica market shares in world market. To increase the govt. revenues. To eliminate unhealthy competition. Import highly advance machinery for export. Provides financial assistance to the Indian exporters and importers on easy terms. Helps in exhibiting and promoting the mica products of small scale manufactures in the international trade fairs and exhibitions.

    CONCLUSION

    MITCO was established by govt. for canalising the import 7 export of mica pdts.

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