NICR to Sign a Mou with Career Launcher

NICR to sign a MoU with Career Launcher

Mumbai January 23, 2009:National Commodity & Derivatives Exchange (NCDEX) and its subsidiary NCDEX Institute of Commodity Markets & Research (NICR) will sign a Memorandum of Understanding (MOU) with Career Launcher (CL) on 24th January 2009, to establish collaboration in the area of training and education in the commodity sector. The tri-partite MOU will be signed by Mr. Arindam Lahiri, Co-founder & Director, CL, Mr. R. Ramaseshan, Managing Director & CEO, NCDEX and a Director on the Board of NICR and Mr. Anjan Mandal, Zonal Head (North & East), NCDEX.

As per the MOU, CL has been given the status of an Accredited Institute and will be conducting classes for the NCDEX Commodity Certification Course, an e-learning programme on commodity derivatives which was launched late last year. In the initial period, these classes will be conducted atvarious centres in Delhi,Gurgaon, Noida and Rajasthan. NCDEX along with NICR will provide the technical support for carrying out such classes which will include facultytraining, course material, guest faculty andtesting facilities.

The commodity futures market has witnessed phenomenal growth since the establishment of national level exchanges in 2003. However, the awareness levels in this market have remained below required levels. This collaboration between NCDEX, NICR and CL, is envisaged to address this knowledge gap. Mr. R. Ramaseshan, speaking about this collaboration with CL, said “We are happy to be working with CL, which is one of the most reputed educational institutes in this county. Given CL's expertise and reach in the respective states we are confident of educating a large number of people who would be better equipped to enter this industry”.

Mr. Arindam Lahiri, Co-founder & Director, CL said “We are confident that CL is now poised to impact the mass requirement with support from this wonderful course of NICR. It adds to our basket of skills programs in IT, BFSI, FMCG and so on”.

Career Launcher India Limited (CL) is Asia’s leading education service provider with presence in over 130 locations across India, Middle East and the United States. CL provides test-prep education to enable school and college students gain admission to professional courses. It is also actively involved in the field of mainstream education, mainly through its growing network of play schools and secondary schools.With its focus on the students’ needs, its foundation firmly set on its Core Values, and technology as a key driver, CL strives to enable people to realize their potential and make their dreams come true. Today over 400+ academicians and professionals around the world work with CL to counsel and groom over 50,000+ students across 130 locations in India, Middle East and the US.

NCDEX Institute of Commodity Markets and Research (NICR), a wholly owned subsidiary of NCDEX, is a not-for-profit company dedicated to promoting research and awareness in commodities markets. The key objective of NICR is to widen and improve the understanding of commodity markets. It is involved in education, training as well as awareness and capacity building activities; engages in multi disciplinary research; contributes to the development of policy formulation, analysis and advocacy; and disseminates information on commodities, products and services.

For further details contact:

Mr. Ramadhar Chopra

Head Academic

9968160701/ 011 66114820