Ethiopian delegation meets the MCX leadership team

Mumbai, May 17 (UNI) Deputy Prime Minister of Ethiopia Addisu Legesse and his team yesterday visited multi-commodity exchange (MCX) and Financial Technologies (India) to study Indian commodities market.

The Ethiopian delegation is also scheduled to meet today members of Forward Markets Commission (FMC), the regulator, to understand the Indian commodities market and its regulatory environment for a possible establishment of similar infrastructure in Ethiopia.

Mr Legesse said, '' We have been keenly monitoring the development of the Indian commodities market and are extremely happy to witness the explosive growth of MCX in the past three years.

India is making a significant impact on the global economy and is now on the threshold of making a similar impact on the global commodities market. This study tour will help us better understand the policies and structural framework of the Indian commodities market.'' Mr Jignesh Shah, MD and CEO, and Mr Venkat Chary, Chairman of MCX hosted the Ethiopean delegation, an MCX release said.

Commenting on the visit, Mr Shah said, '' The Indian commodities market has seen tremendous growth over the past couple of years. It is a matter of pride that today the Indian commodities market has become a benchmark signified by the growing interest shown by the rest of the world. We take this opportunity to assure Mr Addisu Legesse and the entire Ethiopian delegation of our unflinching support and co-operation.'' UNI SA SKB1537