NEW DELHI, January 23 (Sputnik) – The Indian State Trading Corporation (STC) is interested in long-term supplies of Russian goods, Yaroslav Tarasyuk, Russia's trade representative in India told RIA Novosti Friday.
"We had a meeting with representatives of [the Indian] State Trading Corporation recently, which is also exploring the possibility of long-term contracts for the supply of goods from Russia," the envoy said.
The Indian-based STC has been engaged in international trade for over 50 years. Until the 1990s, the company mainly traded agricultural commodities, such as rice, wheat, castor oil and sugar. In recent years, the company has expanded its area of interest. Currently, the STC also trades hydrocarbons, fertilizers, petrochemicals and metals.