18 April 2024, Mumbai: ICAR-Central Institute for Research on Cotton Technology, Mumbai has partnered with Multi Commodity Exchange Clearing Corporation Ltd to become an Approved Assayer for quality analysis and testing of cotton bales.
MCXCCL is a state-of-the-art, commodity derivatives exchange that facilitates online trading of commodities including Cotton bales and Kapas, thereby providing a platform for price discovery and risk management. As per the agreement, ICAR-CIRCOT will undertake a quality analysis of cotton bales stored in the MCXCCL-accredited warehouses across various locations in India.
A Nondisclosure Agreement in this regard was also signed between ICAR-CIRCOT and MCXCCL today by Dr. S.K. Shukla, Director, ICAR-CIRCOT, and Mr. Mr. Soundararajan V Chief Operating Officer of MCXCCL.
Mr. Arnav Datta, Head-Warehousing Operations, and senior officers of MCXCCL and HODs of QEID, MPD, and CBPD of ICAR-CIRCOT were present during the signing-in ceremony.
