Financial Tech to help set up multi-commodity bourse in Mauritius

Mumbai, Nov 30 (UNI) The Mauritius Government has sought the assistance of Financial Technologies India Ltd(FTIL) led by founder CEO Jignesh Shah to set up an international multi commodity exchange in that country.

Announcing this in a notice to BSE, Financial Technologies said the Group has been invited by the Financial Services Commission, Mauritius, to set up an international multi commodity exchange in Mauritius. FSC Mauritius has given an ''in principle'' approval for the same, the release added.

This announcement was made at an august gathering chaired by Mr Rama Sithanen, Deputy Prime Minister and Minister of Finance&Economic Development, Mauritius along with Mr Milan Meetarbhan, CEO of the FSC, Mauritius, augmented by the top leadership team of Financial Technologies Group led by founder CEO Mr Jignesh Shah.

Mr Shah, who is the Founder CEO Financial Technologies Group said,''This invitation reiterates the global faith in the real potential of the Indian technology expertise and the domain knowledge of its human intellectual capital in general and proven expertise of Financial Technologies Group in particular.'' Mr Shah is also the Managing Director of Multi-Commodity Exchange(MCX) in India.

This initiative, Mr Shah said,''is unique as it will be a most modern International commodity exchange offering innovative products redefining the commodity trading across the globe. This will truly unlock the potential of an innovative exchange in an open convertible economy.'' UNI SN PM AW1753