INSUBCONTINENT EXCLUSIVE:
Kolkata: In a bid to pursue growth initiatives to further the development of commodity derivatives market in India, Multi Commodity Exchange
of India Limited on Monday signed an agreement with IMC Chamber of Commerce and Industry.
There is a need to educate key stakeholders of
commodity-exposed companies in the areas of hedging in view of risks associated with commodity prices and their management
Under the aegis of this MoU, the entities will jointly undertake knowledge building and research initiatives on relevant contemporary issues
in the commodity derivatives market.
The initiative further envisages both institutions to jointly conduct interactive sessions, awareness
programmes, conferences and other activities across the country to sensitize a multitude of diverse stakeholder groups including corporates
and SMEs about the impact of commodity price risks and to encourage them to adopt appropriate risk management measures.
Speaking on the
which would enable us to synergize our efforts on commodity derivatives market development
commodity stakeholders across the country, and empower them to get access to an efficient and cost-effective hedging platform to manage
Thus, this collaborative endeavour would be a big move in the growth and development of businesses of all scale that contribute
Lalit Kanodia, president, IMC Chamber of Commerce and Industry said, "The MoU between the 111 year old IMC with ready access to a large
constituency of over 200,000 business entities and MCX, by far India's largest commodity derivatives exchange, augurs well for the market as
both the institutions will be able to work together to deepen and widen the market through awareness and training programs as well as
undertake policy advocacy, among other activities
Importantly, IMC is already a SEBI accredited Training Institution".
