Multi Commodity Exchange of India (MCX) has entered into a Memorandum of Understanding (MoU) with the Northern India Textiles Mills’ Association (NITMA) to jointly engage in outreach initiatives for educating NITMA’s members and other relevant stakeholders on the use and benefits of cotton derivatives.
The MoU with NITMA will enable the Exchange to reach out to a large stakeholder group, representing more than 100 members and their stakeholders in the cotton value chain across North India - one of the most prominent cotton growing, processing and textiles regions of the country.
MCX, the leading commodity bourse, largely offers futures trading in non-agricultural commodities. The exchange contributes maximum business to the total turnover of the commodity futures market.
