Help for exporters on equity capital
Federation of Indian Export Organisations (FIEO) has signed an MoU with the National Stock Exchange of India Limited (NSE) to impart knowledge to its members on price risk management.
The MoU will help in hedging on NSE’s platform for products like Currency, Debt, Commodity and assist FIEO members in raising equity capital on NSE’s EMERGE platform.
The MoU was signed by Dr Ajay Sahai, Director General & CEO, FIEO and Gaurav Kapoor, Vice President, National Stock Exchange of India Limited on 6 Sept 2018.
Dr Sahai expressed the need for awareness creation among the members of FIEO, who are largely exporters & importers about the various platforms available on National Stock Exchange for price risk management and hedging their commodities, Currency & Interest rate risk.
Such an initiative is most timely at a time when there is huge volatility in currencies and Rupee breaching new marks every day and the global trade is plagued with uncertainty, he said.
He also stressed the need for awareness for NSE’s EMERGE platform for raising equity capital as an effective alternative for raising capital to address the increasing cost of borrowing as interest rates are moving northward.
Kapoor assured NSE will jointly conduct awareness and educative programmes for members of FIEO and other relevant stakeholders through various road-shows, webinars etc. fiinews.com