| |
History
National
Trading Limited (NTL) was established as a public limited
company in March 1962 A.D. under the Nepal Company Act, in
public sector completely owned Government of Nepal. NTL was
created in order to canalize commodity aids from the People's
Republic of China and
USSR with a view to meet the local cost of development projects
initiated by these countries through the sale of aids goods in
the domestic market. Previously, this function was handled by
the Department of Commerce, GoN.
In order to create a better
channel to serve the growing needs of the national economy and
the people at large, through the regular supply of essential
goods at reasonable prices, GoN set up the NTL as a state
Trading Organization. It was entrusted with the functions of
engaging on all kinds of trading activities including quota
goods to be imported from India for the purpose of establishing
domestic prices, regularizing the supply of basic construction
materials, industrial raw materials, machinery and equipment,
and consumer goods. As NTL began to procure goods from diverse
sources and also as it was exporting to diverse markets, NTL
through its activities definitely did support the country's
policy of trade diversification. |
|
