India's 1st batch of students earn Diploma in Commodities Market

Mumbai, Apr 22 (UNI) Training and education in the domain of commodities market is the need of the hour, said Forward Markets Commission (FMC) Chairman Mr S Sundareshan.

He was addressing the first batch of students who received a professional 'Diploma in Commodities Market' (DICM) held here today.

Mr Sundareshan said this must include farmers and not remain restricted to metropolitan cities or rich speculators alone. As a raegulatory body, we are therefore happy to know that Welingkar Institute of Management and Multi Commodities Exchange (MCX) of India would soon be opening 'learning centers' in other cities too.

''FMC is happy to provide every support to them in this laudable endeavor. I extend my best wishes to them on this occasion.

It is aimed at providing trained professionals to the corporate world, who have the requisitie domain knowledge to trade and operate in the commodity derivatives market,'' he added.

Meanwhile, MCX CEO and MD Mr Jignesh Shah also said, ''With the commodity markets all set to play a major role in the Indian economy there is a need for more professionals to manage multi-dimensional and multi-time zone operations involved iln the commodities market all across the value chain. It is with this objective in mind that MCX and Welingkar had started offering DICM.It gives me a great sense of pride to see the first batch succesfully passing out today.'' The DICM is a three-month part time program, which can be pursued through both the classroom and distance learning mode.

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