Two public sector trading firms MMTC and STC may be merged to ensure synergy in their operation. The government owns 90 percent of their shares.
Sources have also hinted at the possibility of a merger of Project & Equipment Corporation of India (PEC) with the merged identity of MMTC and STC.
In view of the growing irrelevance of these PSUs in modern times, because they were created solely for the purpose of canalizing imports and exports, the government had earlier commissioned a study to work out a new structure for these three. The study was carried out by Crisil.
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Merger talk of MMTC, STC and PEC gathers strength
By IndianMandarins - 2017-11-07 10:50:45
Two public sector trading firms MMTC and STC may be merged to ensure synergy in their operation. The government owns 90 percent of their shares.
Sources have also hinted at the possibility of a merger of Project & Equipment Corporation of India (PEC) with the merged identity of MMTC and STC.
In view of the growing irrelevance of these PSUs in modern times, because they were created solely for the purpose of canalizing imports and exports, the government had earlier commissioned a study to work out a new structure for these three. The study was carried out by Crisil.
