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Kolkata, Nov. 10

Indian Chamber of Commerce has decided to establish a centre for excellence for commodity markets.

The centre, which will come up here, will source inputs from MCX India Ltd, the leading commodity bourse. It will also cater to the growing need for training and advisory services insofar as the commodity market is concerned.

Industry organisations such as the Indian Chamber of Commerce can play a critical role in the expansion of commodity markets, said Mr Jignesh Shah, MD & CEO of MCX.

Seeks more participation

The commodity trading scenario, Mr Shah added, is bracing for more participation from corporates and institutional investors. There are signs of significantly higher volumes being generated. Such volumes will increase further if all parties come together.

"There is need to ensure the involvement of all traders, speculators, volume-makers. Their participation will be important in the days ahead," he said while addressing a meeting on commodity futures.

(This article was published in the Business Line print edition dated November 11, 2006)
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