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National Spot Exchange Limited (NSEL) is the national –level, institutionalized, electronic, transparent spot trading platform for commodities. It is a structured market place, set-up to transform the commodity market by way of reducing the cost of intermediation and thereby improving marketing efficiency. Its state-of-the-art technology facilitates risk free and hassle free purchase and sale of various commodities. NSEL provides customized solution to farmers, traders, processors, exporters, importers, arbitrageurs, investors and other stakeholders pertaining to commodity procurement, storage, marketing, warehouse receipt financing, etc.

NSEL commenced “Live” trading on October 15, 2008. At present, NSEL is operational in 16 States in India, providing delivery-based spot trading in 52 commodities.

Major Achievements:
Milestones & Strategic Alliances
 
2013
MAR : Agreement with Hadher Group of establishments LLC, Abu Dhabi, UAE for Joint business development and marketing in commodities
JUN : NSEL and SBI have tie up for the collateral Management Services

Coffee board of India signs pact with NSEL to create a Warehouse receipt based electronic Spot Marker for Coffee beans

JUL : Tamil Nadu Co-operative Marketing Federation (Tanfed ) entered into an agreement with NSEL to purchase potato, onion and ginger online
2012
FEB : Received Shariah certification for e-Lead, e-Zinc and e-Nickel
APR : Launched e-Platinum under its investment product category e-Series
SEP : Western Ghats Agro Growers Ltd. (WGAGL), Joint initiative of Kerala farmersand NSEL was inaugurated by the Honorable Chief Guest Prof K. V. Thomas,Minister of State for Consumer Affairs, Food and Distribution in Kerala.
NOV :

Signed an MoU with Belarusian Universal Commodity Exchange (BUCE), thelargest Commodity Spot Exchange in Republic of Belarus for developing bilateraldeals between India and Eastern European countries, especially Republic ofBelarus, Russia, Ukraine, Kazakhstan.

NAFED appointed NSEL as a State Level Supporter (SLS) for the procurement of cotton and processing of cotton by ginning and pressing to convert into cotton bales for the season 2012-13 on its behalf.

DEC : National Spot Exchange Limited (NSEL) has signed an agreement with Small Farmers Agribusiness Consortium (SFAC) to provide the services of Technical and Logistic Supply Agency (TLSA) for the Pulses Procurement Programme under MSP (PPPMSP).
2011
JAN : Signed an MoU with Govt. of Gujarat under “Vibrant Gujarat 2011”
FEB : Received Shariah certification for e-Gold, e-Silver and e-Copper
2009
JAN : Commenced cotton procurement in Andhra Pradesh under Price Support Scheme (PSS) operation on behalf of Nafed
JUN : Signed an MoU with the Maharashtra State Agriculture Marketing Board, to create linkage between rural Primary Agricultural Cooperative Societies’ (PACS) godowns and spot market facilities
SEP : Signed an MoU with Govt. of Orissa, for developing electronic market facilities in Orissa
2008
JAN : Issuance of license by Govt. of Maharashtra
MAY : Issuance of license by Govt. of Karnataka for setting up spot exchange in the State of Karnataka
JUN : Signed an MoU with the Gujarat Agro-Industries Corporation Ltd. (GAIC) to create a strategic alliance for development of agri-business and providing an electronic market platform in the State
2007
MAY : MoU with Govt. of Madhya Pradesh, for developing electronic market facilities in Madhya Pradesh
JUN : Recommendation by the Ministry of Agriculture, Govt. of India about NSEL project
: Issuance of Gazette Notification by the Ministry of Consumer Affairs, Govt. of India under Section 27 of the FCRA, 1952
OCT : Issuance of license by the Govt. of Gujarat under Gujarat APMC Act
NOV : Signed an MoU with IL&FS for common service centers being setup under National E-Governance Project to be connected to NSEL project
: Signed an MoU with Govt. of Rajasthan
2005
MAY : Incorporated as a company limited by shares under the Companies Act, 1956