No. PR – 209
February 2, 2022
The Capital Market & Commodity Market Committee of PHDCCI organized a Webinar on Commodity Market: Opportunities Ahead on 31 January 2022.
The Webinar was graced with the presence of Mr B K Sabharwal, Chair, Capital Market & Commodity Market Committee, PHDCCI and Mr Rachit Gupta, Co-Chair, Capital Market and Commodity Market Committee. Mr V S Sundaresan, Executive Director, SEBI was the Chief Guest at the Webinar and other eminent speakers were Mr Kamlesh Shah, MD, Share India Securities & Alternate President, ANMI; Mr Rishi Nathany, Head – Business Development & Marketing, MCX; Mr Kishore Narne, Director, Motilal Oswal Financial Services Ltd and Mr Narinder Wadhwa, President, CPAI.
Mr B K Sabharwal in his Chair Remarks explained the commodity markets and discussed the several factors leading to higher commodity prices. He moderated the session.
Mr Narinder Wadhwa gave the introductory remarks and explained the history of the commodity markets. He also discussed about the vibrant commodity market and its contribution to Indian GDP.
Mr V S Sundaresan in his Chief Guest Address discussed the recent developments in the Commodity Market and the future of the same. He explained the commodity derivate markets in detail. He also was hopeful that in the budget to be announced on 1st February 2022, the government may announce measures to enhance the commodity markets.
Mr Kamlesh Shah mentioned that Indian commodity market has played a pivotal role in development of the Indian economy. He also discussed about the enormous developments that has taken place in the commodity markets in terms of infrastructure, compliance and volumes.
Mr Rishi Nathany discussed about the roadblocks in growth of commodities market and shared that commodities are now getting financialised.
Mr Kishore Narne said that several factors contributed to the higher energy commodity prices throughout 2021, including weather disruptions, such as the February winter freeze and Hurricane Ida; increased demand for gasoline and diesel and increasing demand for crude oil and natural gas at a rate faster than increased production.
Mr Rachit Gupta delivered the concluding remarks and Vote of Thanks to Speakers, Sponsor and Delegates.
Ms Shivani Gupta, Joint Secretary (CS), PHDCCI welcomed all speakers, Awareness Partner MCX & Support Partner CPAI and delegates at the event.
The webinar was supported by PHDCCI’s Annual Sponsors such as Multani Pharmaceuticals Ltd; Star Wire; PG Industry; Uflex Ltd; DLF Ltd; Continental Carriers Pvt Ltd; Belair Travel & Cargo Pvt Ltd; Radico Khaitan Ltd; Jindal Steel & Power; MMG Group; Paramount Communications; Superior Industries Limited; JK Tyre & Industries Ltd; SMC Investments and Advisors Ltd; Crystal Crop Protection Ltd; Sagar Group of Industries; Samsung India Electronics; Comtech Interio; R E Rogers; AYUSH Herbs Private Ltd; Apeejay Stya Group; DCM Shriram; EaseMyTrip; Blossom Kochhar Beauty Products Pvt Ltd; Oswal Greentech; Trident Group; MV Cotspin Ltd; Synergy Environics Ltd; Ajit Industries Pvt Ltd; P S BEDI & Co.; Indian Farmer &Fertilizers Corporation Ltd; Jindal Steel; Hindware Sanitary; Modern Automobiles; Livit Ltd; Axa Parenterals; Bhagwati Plastic and Pipes Industries; J K Insurance Brokers Ltd; DD Pharmaceutical Ltd.
Warm Regards Media Division PHD Chamber of Commerce & Industry