Mumbai : Multi Commodity Exchange of India Limited (MCX), India’s leading commodity exchange, and University of Petroleum & Energy Studies, (UPES), Dehradun, have signed a memorandum of understanding (MoU) to bring in another facet of financial literacy among the students of the university. UPES is well known as India’s first energy university and Asia’s first energy & core sector university. The initiative aims at building and imparting knowledge to future energy managers of the economy on modern tools of risk management for managing commodity price risk especially that the oil and gas industries are faced with. It will empower and open up new vistas for the students, endeavouring towards financial-skill development.
MCX has signed MoUs with several educational universities and institutions in the recent past, and this initiative would further add to the educational efforts of the exchange and help widen the reach as well as build a knowledge base on price risk management among the future stakeholders of the industry.
As part of another educational initiative, the exchange now offers the flagship MCX Commodity Certified Professional (MCCP) programme examination in three languages—Gujarati, Hindi, and English.