MCX engages ICFAI for skill development

Multi Commodity Exchange of India Limited (MCX) has signed a memorandum of understanding with the ICFAI Foundation for Higher Education (IFHE), a deemed to be university, for financial literacy and skill development through various joint educational initiatives.

The agreement is designed to facilitate potential collaboration in training, research, and skill development of market professionals in the field of commodity derivatives. As part of the agreement, IFHE in association with MCX will conduct full-time and part-time certification programmes, events, training and research programmes in commodity derivatives market.

"This alliance will surely go a long way in creating future generations of skilled manpower for commodity markets", MCX joint managing director, P K Singhal, stated in a press release on Wednesday.

"The partnership will help us strengthen other programmes that we offer to executives, researchers, and academicians who want to intensively examine this area. We are hopeful that the partnership will help us create a chair at our end exclusively looking after commodity derivatives markets in the years ahead", IFHE vice chancellor, J Mahender Reddy, said.