The ITM Group of Institutions, a group of private unaided colleges has signed a memorandum of understanding (MoU) with India’s top commodity exchange, Multi Commodity Exchange of India (MCX). The agreement will drive initiatives for skill development and knowledge, research and financial literacy in the commodities space.
P. K. Singhal, Joint Managing Director, MCX told a news portal, ”We are pleased to be associated with ITM Group of Institutions for skill development, education and training. This alliance will go a long way in creating future generations of skilled manpower in commodity markets.”
Singhal further said, “The initiatives under this agreement will throw open more opportunities for our young generations to understand the commodity derivatives markets and their vital role in commodity ecosystem as instruments for price risk management, and would eventually result in creation of a large pool of skilled commodity professionals and also contribute greatly to financial inclusion.”
ITM will launch a range of courses in commodity derivative markets, with MCX’s support and assistance. The MoU will make possible collaborations between MCS and ITM in areas of skill development, with an emphasis on price risk management to Indian corporate, producers, consumers and other commodity value chain participants.