The process of establishing the Export house that will enable cooperatives to brand and export items, is in its final stage and is likely to be set up at the end of this month.
It will be registered under the Multi State Cooperative Society Act and five co-ops including Nafed, Amul, Kribhco, IFFCO and NCDC will infuse an initial capital of Rs 100 crore each.
The packaging of items produced by co-operatives, improving their look and feel would be done by the Export House. It will take care of the quality of products produced by cooperatives, bringing their production on par with the global market.
To begin with, the Export House will focus on sectors such as sugar, dairy, food grains, pulses, horticulture, meat, fish, pork, handloom and handicrafts as well as export consultancy projects.
Readers would recall that in 2019, the Union government had set up the Cooperative Sector Exports Promotion Forum (CSEPF) under the National Cooperative Development Corporation (NCDC) for assisting farmers in exporting their products.