The Telangana state government and the Textile Association of India recently felicitated Mrugank Paranjape, managing director and chief executive officer of the Multi Commodity Exchange of India Ltd. (MCX), in recognition of his special contribution to the textile sector. He was felicitated at the CEO Conclave 2019, a two-day event in Hyderabad last week.
The award is a direct result of the relentless determination displayed by our workforce while catering to risk management needs of stakeholders in the cotton ecosystem, media reports from the state quoted Paranjape as saying.
Futures trading in cotton will go a long way by helping the diverse cotton trade and industry stakeholders in managing price risks on their spot and forward transactions, he added. (DS)
Special note: this information is from the globaltextiles,for reference only
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