You are here:

Managing a Business/Question on foreign policy of india


Please help me with the below questions
1.   a) Elaborate the role of India in the UNO.  
  b) Enlist the major objectives and functions of MMTC with examples.  

2.   Recent IMF report states, spill over from India's growth remain limited due to less infrastructure development, rigid labour laws, sartorial division on foreign direct investment etc. In this situation, is really Indian an engine for global growth - Discuss.

Question:   Sir,
Please help me with the below questions
1. a) Elaborate the role of India in the UNO.

India has been one of the original 51 members of
the United Nations who signed the U.N. Charter.
It participated in the San Francisco Conference
and became the member of the United Nations
Organization on 30 October 1945. After attaining
Independence, India came out more forcefully to
participate in the activities of the United Nations.

The constitution of India reaffirmed, under Article
51, India's commitment to "promote international
peace and security; to maintain just and honorable
relations among nations; to foster respect for
International Law and treaty obligations in the
dealings of organised peoples with one another;
and to encourage settlement of international
disputes by arbitration and other peaceful means
(Art.51)". In carrying out this commitment, India
regards the UN as an invaluable platform for
global deliberations, negotiations and diplomacy.

India has used the General Assembly
platform for voicing strongest opposition to
imperialism, colonialism and apartheid. In 1954,
India took a leading part in securing political
sanctions against the recialist regime of South
Africa. In 1965, it supported fully the UN
sponsored economic boycott of Rhodesia. It gave
full support to the Angolan liberation movement
and to the cause of Independence of Namibia.
India also played an active role in setting up of
the United Nations Conference on Trade and
Development (UNCTAD) and calling for the
creation of a New International Economic Order
(NIEO). India led a group of developing countries
whose support proved valuable in getting 16
countries admitted in 1955. India forcefully
pleaded for representation of Communist China
in the United Nations.

India has served as non-permanent member
of the Security Council for six terms (each of two
years duration) from 1950-52, 1965-67, 1970-
72, 1976-78, 1983-85 and 1990-92. India has
played a consistently positive and energetic role
in UN efforts for disarmament and arms control.

India stands committed to total nuclear
disarmament. India pleaded for the cause of
disarmament and arms control in Eighteen Nations
Disarmament Committee, special sessions of the

UN General Assembly and finally in Conference
on Disarmament (CD). India had signed the
Partial Test Ban Treaty (1963) and Chemical
Weapons Convention (1993), but firmly resisted
all pressures to sign the Non Proliferation Treaty
and blocked the Comprehensive Test Ban Treaty
in 1996. India is a member of almost all
international agencies like UNESCO, WHO,

India has also provided large number of
personnels who rendered valuable services to the
various agencies of the United Nations in different capacities. Some of the prominent personalities who rendered great service to the international
organisation include Mrs. Vijay Lakshmi Pandit
as President of the UN General Assembly;
Maulana Abul Kalam Azad and
Dr. Radhakrishnan as Chairman of UNESCO;
Mrs. Rajkumari Amrit Kaur as Chairperson of
WHO; Sri V.R. Sen as President of FAO; H.J.
Bhaba as Chairman of Atoms for peace
Commission; B.N. Rau and Nagendra Singh as
Judges of International Court of Justice. Over
55,000 Indian Military and Police personnel have
served under the UN flag in 35 UN peace keeping
operations in all the continents of the globe.
General Thimmaya, Prem Chand, Rikliye and
Satish Nambiar being chosen by the UN
Secretary Generals to Command UN peacekeeping
forces at different points of time. Recently
an Indian, Major General Randhir Kumar Mehta
has been appointed as the world body's Military
Adviser for peace keeping. This is the first time
that a nominee from a developing country has
occupied this highly prestigious post.

India has strongly pleaded for the expansion
of the Security Council to give representation to
African and Latin American countries. India has
demanded that in the changed international system
with 191 states (as against 51 members at the
time of founding of UN), more states should be
made permanent member of the Security Council.
India has favoured the inclusion of countries like
Germany, India, Japan, Egypt, Brazil and Nigeria
as permanent members of the Security Council.

Why Should India Be a Permanent
* India constitutes 16% of the world's
population and has emerged as a major power of
South Asia.
* India has played a proactive role in
restoration of peace in the world. It has been a
great exponent in the non-alignment concept.
Out of 112 NAM countries none has the
permanent seat. Therefore, a major section of the
world is deprived of being represented in the SC
as its permanent member.
* Now India is a nuclear power, and it has
committed itself towards making Indian Ocean
as Zone of Peace by adhering to the doctrine of
'no first use'.
* India is among the founding nations of the
UN and has been very instrumental in helping the
UN in the process of peace keeping in the world.
* India is the biggest democracy in the world
and cherishes the values enshrined in the UN
Charter more than any other nation of the world.
* In the economic arena, within fifty-seven
years of independence, India has displayed
substantial dynamism. In the 1990s, our rate of
growth averaged 6% per annum. India is likely to
become one of the largest markets in the world,
with a middle class estimated to be in the region
of 500 million by the year of 2025. The
emergence of India as a major player in the
software and IT enabled services sectors has
raised India's economic profile, and it is now being
seen as an economic superpower in the making.

* To maintain international peace and security
in accordance with the principles and purposes
of the UN.
* To investigate any dispute or situation which
might lead to international friction.
* To recommend methods of adjusting such
disputes or the terms of settlement.

To formulate plans for establishing a system
to regulate armaments.
* To determine the existence of a threat to
the peace or act of aggression and to recommend
what action should be taken.
* To call on members to apply economic
sanctions and other measures not involving the
use of force to prevent or stop aggression.
* To take military action against an aggressor.
* To exercise the adminission of new
* To recommend the General Assembly for
the appointment of the Secretary General and,
together with the Assembly, to elect the judges of
the international court of justice.

b) Enlist the major objectives and functions of MMTC with examples.
*Its vast international trade network, includes.One wholly owned international subsidiary in Singapore- MMTC Transnational Pvt. Ltd. (MTPL)The company's countrywide domestic network is spread over 75 regional, sub-regional, port and field offices, warehouses and procurement centers.13 Regional offices:-East Zone : Kolkata, Bhubaneshwar West Zone : Mumbai, Goa, Ahmedabad North Zone : Delhi, Jhandewalan (Delhi), Jaipur South Zone : Bangalore, Bellary, Chennai, Hyderabad, Vizag

*MMTC’s Mission“As the largest trading company of India and a major trading company of Asia, MMTC aims at improving its position further by achieving sustainable and viable growth rate through excellence in all its activities, generating optimum profits through total satisfaction of shareholders, customers, suppliers, employees and society.”
*MMTC’s ObjectiveTo be a leading International Trading House in India operating in the competitive global trading environment, with focus on "bulk" as core competency and to improve returns on capital employed. To retain the position of single largest trader in the country for product lines like minerals, metals and precious metals. To promote development of trade-related infrastructure. To provide support services to the medium and small scale sectors. To render high quality of service to all categories of customers with professionalism and efficiency. To streamline system within the company for settlement of commercial disputes. To upgrade employee skills for achieving higher productivity.

*MMTC Establishment and Acheivements1. The MMTC has its origins in the 1950s, when the Indian government got determined to earn valuable foreign currency through the export of canalized mineral ores, which the country had huge deposits of.State Trading Corporation of India Ltd. founded in 1956, as a wholly owned government subsidiary, to handle the export and import of selected commodities.MMTC was incorporated on 26 September, 1963 at New Delhi. The Corporation started functioning on 1 October. The main objectives of the company was Export of mineral ores and Import of essential metals.Japan and South Korea continued to be the major markets till the year of 1994.
Then MMTC made a foray into European market with the exports of one lakh tonnes of iron ore to Slovakia and Romania. Also in the same year, the company had commenced import of gold and silver against special import license for supply to the customers in the domestic area. Imports worth 20 metric tonnes of gold and silver worth 270 tonnes was made and the company opened new gold vaults at Hyderabad and Vizag to offer its services to the customers in these areas.

MMTC, one of the two highest foreign exchange earner for India, leading international trading company with a turnover of over US$ 7 billion.Largest international trading company of India and the first Public Sector Enterprise to be accorded the status of "FIVE STAR EXPORT HOUSE" by Govt Of India for long standing contribution to exports. MMTC is the largest non-oil importer in India. MMTC's diverse trade activities encompass Third Country Trade, Joint Ventures, Link Deals - all modern day tools of international trading. Vast international trade network, which includes a wholly owned international subsidiary in Singapore, spans almost in all countries in Asia, Europe, Africa, Oceania and Americas, giving MMTC a global market coverage. INDIA'S LARGEST TRADING GIANT INDIA'S LEADING EXPORTER OF MINERALS ONE OF THE WORLD'S LARGEST BUYER OF FERTILIZERS THE SINGLE LARGEST BULLION TRADER IN THE INDIAN SUBCONTINENT THE BIGGEST IMPORTER OF NON FERROUS METALS & INDUSTRIAL RAW MATERIAL TO INDIA MMTC is one of the largest importers of LAM COKE(LOW ASH METALLURGICAL ) in India.

Works Of MMTC1. Provides full logistic support from procurement , quality control to guaranteed timely deliveries of minerals from different ports, through a wide network of regional and port offices in India, as well as international subsidiary. 2. operate and manage all necessary plants, establishments and works. 3. MMTC is also actively involved in manufacture and sales of silver products.4. Trades in minerals , metals, agro products , coal and hydro carbons etc.

**Items of Trade :-MineralsPrecious MetalsFertilizersMetalsAgro ProductsCoal and Hydro CarbonGeneral Trading
MineralsIron Ore, Manganese Ore, Chrome Ore, Others(Mud Chemicals, Barytes, Bentonite, Bauxite, Talc, Gypsum, Feldspar, Quartz/Silica Sand, Garnet Sand, Kaolin (China Clay), Vermiculite).The 1.1 million ton Steel Plant consumes about 2 million tons of minerals annually being supplied by MMTC.It has set up a crushing and screening plant at Banehatti to source higher value realization in the international market & to compete with the international suppliers like Australia and Brazil in the markets like Japan and South Korea.
It helps in promoting exports from India by holding exclusive foreign exhibitions of gold and studded jewellery at chosen overseas authorized agency of the Government of India for import of gold, silver, platinum, palladium, rough diamonds, emeralds, rubies and other semi-precious stones and supplies these items to jewellers in India for domestic sales and exports. In the year 1999 the company launched sale of Sterling Silverware of 92.5% purity under the brand name “SANCHI” in the domestic market, which has been a tremendous success.
MetalBase Non-Ferrous Metals : Copper, Cathodes, CC rods Aluminum , Zinc Ingots High grade Minor Metals : Antimony (min. 99.65% purity) Silicon (Grade 4-4-1 and 5-5-3) Magnesium (min. 99.9% purity) Mercury (min. 99.9% purity) Industrial Raw Materials, Noble metals and Ferro alloys Pig Iron, Slag, Steel scrap, HR Coils, CRGO and Steel items Imports of all Non-Ferrous Metals, Industrial Raw Materials, Minor Metals, Steel and concentrates are centralized at corporate office in New Delhi and the sales are effected through various sale centers located all over India.High Creditability:- generally imports non- ferrous metals from its suppliers on Cash Against Documents (CAD) basis. It enjoys excellent credibility amongst all suppliers and buyers as it keeps its commitments even in the wake of adverse market conditions.
Fertilizers MMTC Limited : one of the largest importers of Fertilizers in India. Imports both finished fertilizers, fertilizer intermediaries and fertilizer raw materials. Volume of trade in fertilizers : over one million tonnes.
Agro ProductsMMTC Limited(A Govt. of India Enterprise) : a global player in the Agro trade MMTC Limited provides full logistic support from procurement, quality control to guaranteed timely deliveries of agro products from different parts of India through a wide network of regional and port offices in India and its contacts abroad. MMTC's UNIQUE POSITION IN THE FIELD OF AGRO TRADE Exporting/Importing in bulk. Sourcing from established suppliers. Securing competitive prices through bulk buying. Strong links with government & state marketing agencies. Recognized as the best quality supplier of Agro products. Large warehousing facilities having proximity to rail-heads and ports. Well controlled logistics for movement of goods.
Coal and Hydro CarbonCoal and Hydrocarbon is identified as one of the core areas of business for MMTC and Steam coal is identified as a thrust product for import. Turnover of Rs 18390 million in 2004-05. Comprised of mainly LAM COKE, Coking Coal and steam coal. During 2004-05 MMTC transacted a business of around 1.10 million tons of Coking Coal, 0.50 million tons of LAM COKE and 1.39 million tons of steam coal.
General TradingCHEMICALS, DRUGS & PHARMACEUTICALSInorganic chemicalsOrganic chemicals Dyes and intermediates Drugs & PharmaceuticalsTIMBERTeakwood - Tectona GrandisTropical Hard woods - Salengan Batu, Keuring, Kapur, Meranti logsTEXTILES/WOOL/COTTONBUILDING MATERIAL

Sale & Purchase MMTC's mineral sales are on FOB basis only. MMTC imports non-ferrous metals generally on CIF/C&F Main Indian Ports basis. Purchases are made on tender basis for Fertilizers. Purchases are made both on F.O.B and C&F. basis. Exports Iron ore to Japan, South Korea, China, Middle East etc. The export is both on the basis of long term and annual spot contracts.MMTC Limited, (A Govt. of India Enterprise) is India’s Premier bullion trader, handling more than 100 MTs of Gold & 500 MTs of Silver.

•   23. Group Company - NINLNeelachalIspat Nigam Limited (NINL), a Company promoted by MMTC Limited. Industrial Promotion and Investment Corporation of Orissa Limited (IPICOL) has set up an Integrated 1.1 Million ton capacity Iron and Steel Plant at Kalinga Nagar Industrial complex, Duburi, District Jajpur, Orissa. Presently the main products are pig iron and BF coke along with nut coke, coke breeze, crude tar, ammonium sulphate and granulated slag (phase – I). The blast furnace along with power plant was commissioned on 02.02.2002 and other units like sinter plant and coke oven were commissioned progressively. The envisaged products in future (phase-II) are billets, bars and wire rods of different grades and sizes.

2. Recent IMF report states, spill over from India's growth remain limited due to less infrastructure development, rigid labour laws, sartorial division on foreign direct investment etc. In this situation, is really Indian an engine for global growth - Discuss.
I’m betting on India to emerge as the more significant global economy.
India’s  has  an Unfinished Journey to Economic Success
India has had no effective constraints on population growth.  INDIA still has the advantage --1.24 billion   POPULATION.
Furthermore, the age distribution of India’s population is better .This means that the dependency ratio, the proportion of children and senior citizens to working-age people, is expected to continue falling in India in coming decades .
Younger Population
Younger people, of course, tend to be more geographically mobile, flexible in terms of occupation and creative. But these advantages only translate into greater productivity and economic growth if these workers have the right education and training as well as job opportunities.
Several centuries of British colonial rule left India with a vigorous democracy and a parliamentary form of government. As in the U.S., these kinds of institutions are very well adapted to running a large, religiously diverse country where the central government is constrained by increasingly powerful states and weak coalition governments.
The British also left India with a railway system that enabled the relatively easy movement of people and goods in that vast country.
And, of course, the British gave India the English language-- very useful in today’s world and a unifying force in a country with hundreds of languages and dialects. India also inherited a legal system
India is also home to a number of large, sophisticated companies, such as Tata Group, that can compete globally.
Indians have a natural bent toward technology.
The ability of India’s many engineers and scientists to communicate in English is also a big help. Furthermore, the booming information-technology sector relies more on new technologies such as satellite transmission than it does on India’s utilities and inadequate basic infrastructure.
English Speakers
U.S. and European companies outsource many back-office and even legal and medical services to India. Outsourcing now yields about $69 billion in annual revenue, accounting for a quarter of Indian exports. The lower wages in India and English-language skills of call-center employees offer big advantages to this industry.
Another asset for India,  is a rapidly growing middle class. PricewaterhouseCoopers LLP estimates that 470 million Indians, or 38 percent of the population, had annual incomes of between $1,000 and $4,000 in 2010, enough to permit some discretionary spending. The number of consumers with such ready cash is expected to jump to 570 million in a decade, with about $1 trillion in income.
The household-savings rate is high, almost 30 percent. Even so, 82 percent of Indian households had phones, usually mobile, last year. Of the 247 million Indian households, 77 percent owned televisions, and 42 percent had bicycles, motor scooters or motorcycles, though only 10 percent possessed a motor vehicle, according to the 2011 census of India. Furthermore, much of Indian household saving is invested in gold and the dowries of yet-to-be married daughters.
Another strong point is that the Reserve Bank of India is relatively independent of government influence,
India has a vigorous and opinionated free press,

India has everything - abundant natural resources, resourceful people, good environment, stable society and futuristic thinkers. A single factor that bungs a spanner in the works is lack of managerial capability - Both in the Government and in Business.
India has some of the best talent in engineering and medical field, we have some of the top companies in the field of technology and pharma, other such inherent qualities like demography, enterprising young population. etc.

- infrastructure development, rigid labour laws, sartorial division on foreign direct investment etc

Managing a Business

All Answers

Answers by Expert:

Ask Experts


Leo Lingham


In Managing a business, I can cover all aspects of running a business--business planning, business development, business auditing, business communication, operation management, human resources management , training, etc.


18 years of working management experience covering such areas
as business planning, business development, strategic planning,
marketing, management services, personnel administration.


24 years of management consulting which includes business planning, strategic planning, marketing, product management, training, business coaching etc.




©2017 All rights reserved.