Andhra Pradesh State Trading Corporation Limited APSTC
THE Andhra Pradesh State Trading Corporation (APSTC) is convinced of reaching the objective of Rs 50 crore turnover throughout the current financial year, as it has taken up lots new systems, Mr K. Chandramouli, the Managing Director, has said. Last year (2002-2003), the corporation made a net benefit of Rs 1.1 crore on an entire turnover of Rs 32 crore.
The Andhra Pradesh State Trading Corporation (APSTC) is designing to prepare a state-of-the-art air cargo complex at the Hyderabad airport at a cost of Rs 3 crore.
Planned as a three-storeyed structure, the newly 30,000 sq ft breeze cargo complex is being designed to meet the quickly growing export and import actions at the airport besides the introduction of new flight services.
A state government attempting set up to perform all kinds of financial and trading procedures. APSTC undertakes domestic selling in exclusive goods and commodities. It is engaged in produce of goods and commodities for government sections and undertakings.
The State Government has called Andhra Pradesh State Trading Corporation (APSTC) as a newly entity named Andhra Pradesh Trade Promotion Corporation (APTPC) with impression from today coinciding with the State establishment Day festivals
As function of its restructuring, the APSTC has been on a reform way later on early this year. It has restructured its plus basis, manpower, and shut its unviable branches and units, too basically changing its charter. Dr. Reddy found that APTPC would do well in its new avatar. The newly entity will behave as a catalyst for growth of industry, trade and commerce admitting agriculture and allied sectors rather of taking part in the activities as a straight player. It will arise trade fair centres and pattern facilities in all big cities and towns in the State to exchange trade and industry to conduct exhibitions and to facilitate business interactions.