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MCX inks pact with IAMAI to set up Commodity Markets Innovation Council
Sep-10-2026

Multi Commodity Exchange of India (MCX) has inked memorandum of understanding (MoU) with the Internet and Mobile Association of India (IAMAI) to set up a Commodity Markets Innovation Council (CMIC). Under the MoU, the CMIC will serve as a consultative and industry-led platform for innovation and market development across India's commodity-market ecosystem.

The council will be established within the next three months, along with a charter defining its structure, priorities and annual activities. It will focus on increasing participation, enabling digital solutions, and supporting the evolution of India's commodity markets.

MCX offers trading in commodity derivative contracts across varied segments including bullion, industrial metals, energy and agricultural commodities, as also on indices constituted from these contracts.

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