MMTC to export engineering goods, pharma products from Q1 of next fiscal

As part of its business diversification strategy, MMTC Ltd, the state owned trading entity, aims to commence exports of engineering goods and pharmaceutical products from Q1 of next fiscal.

The company is looking at transactions in new commodities and go beyond its forte in trade of bullion and major bulk minerals like iron ore and chromite.

“We have already empaneled suppliers for engineering goods exports. They are expected to take off from Q1 of next fiscal. Engineering goods will be primarily exported to African markets. We have also identified some Asian markets like Sri Lanka and Bangladesh”, said a senior MMTC executive.

MMTC