Mumbai/Gandhinagar, November: Multi Commodity Exchange of India (MCX), India’s No. 1 commodity exchange, and The Institute of Companies Secretaries of India (ICSI) signed a Memorandum of Understanding (MoU) at the 44th National Convention of Company Secretaries held at Gandhinagar (Gujarat) last week. The initiative envisages both institutions to jointly conduct interactive sessions, faculty development programmes, research, conferences and other activities with the objective of achieving knowledge creation and spreading awareness about the benefits of commodity price risk management.
Further, the two institutions have agreed to collaborate in joint research through sharing of data, information and their intellectual resources, as also support each other in their respective certification programmes. The institutions have also decided to explore the possibility of conducting Post Membership Qualification (PMQ) Courses/ Diploma in various subjects and the introduction of ‘Commodity derivatives’ as an area of study in ICSI’s curriculum.
Mr. Mrugank Paranjape, MD and CEO, MCX said, “I am very glad to have an institute of nationwide reckoning and reach, such as the ICSI, as our partner in creating and sharing knowledge about commodity derivatives market. Given the stellar record of ICSI in knowledge management of its large stakeholder group, I am positive that the partnership will go a long way in building capacities of students and professionals in key areas of risk management, commodity markets and its governance-related aspects.”
CS Mamta Binani, President, ICSI said, “ICSI currently has Memorandum of Understanding (MoU) with various Institutes including Government and higher educational bodies, Chambers of Commerce, Stock Exchanges etc. to create synergies for capacity building of its members and students. And this MoU with MCX for knowledge enhancement and capacity building is yet another significant step in this direction.”