Values

Mission:

  1. Build National Level Commodities Spot Market.
  2. Establish a modern eco-system for spot commodities trading.
  3. Redefine the value chain in commodities.

Milestones:

2016
Jharkhand Government adopts NeML e-Markets and UMP.
Andaman & Nicobar Islands adopts NeML e-Markets.
2015
Government of Andhra Pradesh & Gujarat adopts UMP.
Economic Survey of India acknowledges "KARNATAKA MODEL" – decides to adapt it as National Agriculture Market (NAM).
E-markets for Fresh Fruits, Dairy Products launched.
100 APMC market modernized under MMP.
2014
Rashtriya e-Market Services (ReMS) Launched.
Government of Karnataka and NeML sign agreement to create state agriculture market using Unified Market Platform (UMP).
2012
State government of Karnataka, Gujarat adopts NeML e-Markets for procurement of commodities.
2011
Gulbarga, Karnataka becomes the first Modern Mandi under MMP.
2010
Concludes first ever e-trade of Sugar on a spot exchange platform.
2009
First ever successful electronic auction of pulses conducted on NCDEX SPOT Exchange Platform. Becomes the leading spot exchange in e-markets.
2008
NCDEX gets permission from Ministry of Consumer affairs for launching Daily Net Settlement Contract (DNS) on its spot exchange.
2006
NeML incorporated as NCDEX SPOT EXCHANGE (NSPOT).