A delegation from the Bangladesh Securities and Exchange Commission (BSEC) undertook a significant visit to India with the aim of acquiring insights into the operational dynamics of India’s commodity exchange and derivatives market. This initiative is a pivotal part of BSEC’s ongoing endeavors to strengthen the domestic capital market by establishing a robust commodity exchange and fostering growth in the commodity derivatives sector.
The delegation engaged in an instructive training workshop hosted by the Multi Commodity Exchange of India (MCX) in Mumbai on August 24, as highlighted in an official press release by BSEC. During the workshop, distinguished representatives from India’s esteemed asset management company, Kotak Mahindra Asset Management, engaged in discussions with the BSEC delegation.
Notably, the meeting was graced by the presence of Nilesh Shah, Managing Director and Group President of Kotak Mahindra Asset Management, along with six company officials. They collaborated with a ten-member delegation led by BSEC’s Executive Director, Mohammad Rezaul Karim.
Moreover, the press release emphasized an active collaboration between the Chittagong Stock Exchange (CSE) and India’s premier commodity derivative exchange, the Multi Commodity Exchange of India. The CSE and MCX forged a strategic agreement last year, aimed at facilitating the exchange of expertise and availing expert advisory services. These initiatives are directed towards the establishment and enhancement of commodity exchanges within Bangladesh.
