Multi Commodity Exchange of India Limited (MCX), India’s No. 1 commodity exchange, and Christ University, a private deemed to be university in Bangalore, have signed a memorandum of understanding (MoU) to promote skill development, knowledge, and research in commodities through various educational initiatives.
The agreement will contribute to the development of skillsets, financial literacy, and research in commodity price risk management and encourage academic engagement with industry and end-users. This initiative will nurture future generations to understand, benefit, and take up careers in commodity markets. Christ University will launch various courses in commodity derivative markets and MCX will provide the much-needed support and assistance.
Speaking on the development,P. K. Singhal, Joint Managing Director, MCXsaid, “We are pleased to be associated with Christ University for enhancement of knowledge base on commodities. This association facilitates industry-academic linkages, and helps in creation of future generations of skilled workforce for the commodities market. This association is another step in instilling in the new generation the need and importance of risk management, and to bring more people into the financial mainstream.”
Suresh Pai, Associate Dean, Christ University said, “Christ University has formulated a Strategic Plan 2015–18 and adopted a strategic goal to emerge as a world class university of eminence through performance and differentiation. The MoU with MCX is one such effort in achieving this goal by improving the quality of education, keeping in mind the requirements of the financial sector and the economy of the country.”