NCDEX has signed a Memorandum of Understanding with India Pulses and Grains Association (IPGA) to work in collaboration for increasing effectiveness of trade tools including lifting of trading restrictions through continuous dialogue with regulator and policymakers. The MOU aims at facilitating and recommending measures to increase trade efficiencies and price discovery in pulses and grains, with the vision to put India on the world map of pulses and grains. The exchange also intends to focus on research studies including trend analysis, crop surveys and field studies aimed at understanding and recommending solutions to overcome key challenges faced by the industry
Speaking on the development, Samir Shah, MD & CEO, NCDEX stated that the last ten years, NCDEX has immensely contributed to the development of primary and derivatives markets in this country. With regards to this, once again we take an initiative to promote the pulses production and trade in India by joining hands with IPGA, an apex body to closely work and find out improved and industry friendly solutions.
Praveen Dongre, Chairman, India Pulses and Grains Association noted that Memorandum of Understanding that IPGA and NCDEX have signed is the beginning of a series of promotional initiatives aimed at improving market efficiency and infusing global competitiveness to Indian pulses and grains.