BSE signs MoU with Vidarbha Chamber of Commerce & Industry for deepening Commodity Market in India

BSE aims to organize seminars and awareness programmes on price risk management for manufacturers, farmers, traders and jewellers, and help them move to more organised forms of trading

BSE, India’s premier exchange and the world’s fastest stock exchange has signed a memorandum of understanding (MoU) with Vidarbha Chamber of Commerce & Industry, based in Akola, Maharashtra, for deepening the commodity markets in India on June 26, 2022. These Vidarbha Chamber of Commerce & Industry represents over 1,700 members respectively, engaged across all sectors of trade, profession, service and industry. It is recognized as one of the most proactive associations across the state of Maharashtra. The MoU aims to facilitate cooperation between BSE and physical markets in areas such as knowledge sharing, education & training, events as well as to explore all areas of mutual interest.

Shri Sameer Patil, CBO of BSE said "The government is making efforts to promote formal financial instruments and create a complete ecosystem of formal economy. Taking financial literacy to the remotest part of the country will help industry participants understand the various facets of the formal economy. This MOU is an affirmation and recognition of our efforts to bring physical market participants to the exchange platform and continuing our sustained campaign."

Shri Nikesh Gupta, president of Vidarbha Chamber of Commerce & Industry, said "We are very thankful of BSE for patronising Vidarbh Chamber of Commerce and Industry, and the session held by BSE at our AGM was very informative and successful. We have signed MoU with BSE and we are definitely looking forward for more ventures together in the future.”

Shri Nitin Khandelwal, past president of Vidarbha Chamber of Commerce & Industry, said "We hold regular awareness sessions with BSE, and glad that our association has now culminated in a MoU, giving us the flexibility to work together for the development of industries based in the Vidarbha region".

BSE aims to organize seminars and awareness programmes on price risk management for manufacturers, farmers, traders and jewellers, and help them move to more organised forms of trading. Awareness about effective hedging tools such as derivatives contracts, including futures and 'options in goods' to face a volatile market would also be provided. BSE is India's first universal exchange and offers trading in a wide gamut of asset classes including equity, debt, currency, interest rates and commodities.