NCEL Signs MoU with NCOL for Export of Organic Products

Why in news

National Co-operative Exports Limited (NCEL) has signed an MoU with National Cooperative Organics Limited (NCOL) to facilitate the export of certified organic products under the 'Bharat Organics' brand, aiming to boost exports from cooperative societies.

Exam relevance

GS2, GS3 · Governance, Economy, Society · Prelims · Mains

Key facts

1. National Co-operative Exports Limited (NCEL) is an umbrella organization for exporting goods and services from cooperative societies.
2. NCEL has signed an MoU with National Cooperative Organics Limited (NCOL).
3. The MoU aims to export certified organic products.
4. The organic products will be exported under the 'Bharat Organics' brand.
5. The Union Home Minister and Minister of Cooperation, Shri Amit Shah, provided this information in Rajya Sabha.

Prelims pointers

• NCEL's mandate includes exporting goods and services from cooperative societies.
• NCEL signed an MoU with NCOL.
• The MoU focuses on exporting certified organic products.
• The export brand is 'Bharat Organics'.

Mains practice question

Examine the role of cooperative societies in promoting agricultural exports from India, with specific reference to the recent initiatives like the MoU between NCEL and NCOL for exporting organic products.

Static linkage

The initiative relates to the promotion of cooperative societies in India, a key sector for rural economy and employment, and the government's focus on increasing agricultural exports, particularly of value-added and certified products.

Significance

This collaboration between NCEL and NCOL is significant for several reasons: it provides a dedicated platform for cooperative-produced organic goods to reach international markets, potentially increasing income for farmers and strengthening the cooperative sector. The 'Bharat Organics' brand aims to establish a recognized identity for Indian organic exports. It aligns with the government's broader objectives of boosting agricultural exports and promoting indigenous brands globally.