According to reports, The State Trading Corporation of India Ltd. (STC), a government-owned company that mainly deals in bulk international trade, said it plans to enter into several new sectors, including the import of rough diamonds for cutting, polishing and re-export.

The STC has projected a turnover of Rs.10,000 crore ($2.31 billion) to be achieved during 2007-08, an increase of 11 per cent over the previous year, excluding the wheat import turnover. The STC�s profit before tax is projected to reflect an increase of 18 per cent. Exports and domestic sales are slated to grow by 20 per cent over 2006-07.