National Spot Exchange Limited (NSEL)
NSEL was established keeping the then Hon. Prime Minister's vision to create a 'single market' across the country for both manufactured and agricultural produce.
NSEL Key Highlights
- NSEL was India's first Commodity Spot Exchange launched in the year 2008
- NSEL set the trend, and within a short period of time, two more spot exchanges came into effect
- Honored with the Golden Peacock - Eco Innovation Award, 2012 for commodity Exchange category in July 2012 in New Delhi
- NSEL has won FINNOVITI 2012 award for innovation in Electronic Spot Market organised by Banking Frontiers in November 20, 2012
INSTITUTIONAL ALLIANCES/ MEMBERSHIP/ ASSOCIATIONS
- NAFED has appointed NSEL as a State Level Supporters (SLS) for procurement and processing of cotton in Andhra Pradesh (season 2012-13)
- Small Farmers’ Agribusiness Consortium (SFAC) has appointed NSEL as a Technical and Logistic Supply Agency (TLSA) to carry out on its behalf the MSP operation of pulses and oilseeds
- WGAGL (company incorporating Kerala farmers cultivating cardamom, black pepper, nutmeg etc.) collaborated with NSEL for the growth and development of the spice industry
- NSEL signs a strategic MoU with Belarusian Universal Commodity Exchange, Republic of Belarus for developing bilateral deals between India and Eastern European countries
- Farmers Agricultural Integrated Development Alliance (FAIDA) associated with NSEL to provide technological empowerment to farmers in Bihar. It was made possible through efficient extension networking and well-organised e-market activities for minimising post-harvest losses through scientifically developed technologies.