Mumbai, 11 October, 2018: National Stock Exchange of India Ltd (NSE), India’s leading stock exchange) has signed a memorandum of understanding (MOU) with India Bullion Jewellers Association (IBJA). The MOU shall enable both NSE and IBJA to closely work together towards deepening the commodity markets in India through awareness and educative programmes for end investors and also look for areas of collaboration on developing and enhancing existing products in the exchange space.
NSE & India Bullion Jewellers Association (IBJA) sign MOU
Additionally the MOU shall facilitate both NSE and IBJA to explore possible collaboration in developing the bullion industry which is aimed at meeting the objectives of the government to bring transparency to the spot bullion market.
Mr. Ravi Varanasi, Chief Business Development Officer, NSE said, “IBJA has been one of the most reputed bullion associations working towards to the development of the Industry. NSE is proud to be associated with an entity like IBJA with its wide spread reach and acceptability in the bullion industry. We are positive and excited to work with IBJA jointly in developing exchange spot and derivative products”.
Mr. Surendra Mehta, National Secretary, IBJA said, “We are happy and delighted to associate ourselves with the largest stock exchange in India. We really applaud the transformation that NSE has brought to the Indian Capital Markets and through our collaboration we aspire to bring a similar change to the bullion industry.