Rashtriya e Market Services, a joint venture of Karnataka Government and NCDEX Spot Exchange was incorporated in January 2014. It’s a Special Purpose Vehicle (SPV) which offers complete technology requirement through its Unified Market Platform(UMP) and management solution for modernizing primary agricultural markets in Karnataka state. ReMS has been conceived for establishing, operating, managing, a specialized electronic trading platform called Unified Market Platform (UMP) for auctioning of farmer’s produce.