MCX still has a long way to go despite the multi-billion rupee achievements. A B&E exclusive interview....
B&E: Of late, you have been undertaking some major overseas activities, like a big stake in Middle East’s largest commodity bourse – the Dubai Gold & Commodities Exchange (DGCX), running exchange platforms in Mauritius through FTIL, etc. How are these go-global steps helping you to cement your place in the global arena?
JS: There is huge potential lying unlocked in emerging economies. In Africa, there are 53 countries, with economic growth rates of around 6% annually for the past several years. In addition, we have India and China registering robust growth rates. Together, there is tremendous growth in Africa and Asia, and this growth must be captured so that its benefits are shared by the largest number of people, and not just by a privileged few. Setting up of exchanges in the regions of Asia, Middle East and Africa are thus part of FT Group’s strategy to harness this enormous growth on organised market platforms, whose benefits will reach out to the market participants including the common people of these emerging markets.
B&E: There was news that you are planning comex operations in Singapore through your joint venture company Singapore Mercantile Exchange. What is the present status of that plan?
JS: SMX is not a JV company but a new venture of FT, which will operate under the monetary Authority of Singapore. Commodities will definitely form a critical part of the asset classes along with other asset to be traded like energy (including electricity), ATF, currency, etc.
B&E: It was really unfortunate that during last year, you had to put aside your IPO plans, keeping in mind the existent poor market conditions. Any clue as to when the plan has been deferred until?
JS: As of now, we have no such plan.
B&E: Of late, you have been undertaking some major overseas activities, like a big stake in Middle East’s largest commodity bourse – the Dubai Gold & Commodities Exchange (DGCX), running exchange platforms in Mauritius through FTIL, etc. How are these go-global steps helping you to cement your place in the global arena?
JS: There is huge potential lying unlocked in emerging economies. In Africa, there are 53 countries, with economic growth rates of around 6% annually for the past several years. In addition, we have India and China registering robust growth rates. Together, there is tremendous growth in Africa and Asia, and this growth must be captured so that its benefits are shared by the largest number of people, and not just by a privileged few. Setting up of exchanges in the regions of Asia, Middle East and Africa are thus part of FT Group’s strategy to harness this enormous growth on organised market platforms, whose benefits will reach out to the market participants including the common people of these emerging markets.
B&E: There was news that you are planning comex operations in Singapore through your joint venture company Singapore Mercantile Exchange. What is the present status of that plan?
JS: SMX is not a JV company but a new venture of FT, which will operate under the monetary Authority of Singapore. Commodities will definitely form a critical part of the asset classes along with other asset to be traded like energy (including electricity), ATF, currency, etc.
B&E: It was really unfortunate that during last year, you had to put aside your IPO plans, keeping in mind the existent poor market conditions. Any clue as to when the plan has been deferred until?
JS: As of now, we have no such plan.
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Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face
IIPM - FLP (Flexi Learning Program)
