Mon. Aug 8th, 2022

Now ASCI affiliation to NCDEX Institute of Commodity Markets and Research (NICR)

Commodity Markets

NCDEX Institute of Commodity Markets and Research (NICR), a subsidiary of the National Commodity & Derivatives Exchange (NCDEX), received Agriculture Skill Council of India’s affiliation.


The affiliation from the Agriculture Skill Council of India (ASCI) has been given to NCIR because of the institute’s adherence to robust protocol and for imparting high-quality training.
Speaking on the occasion, Mr. Samir Shah, MD & CEO, NCDEX, stated that ASCI affiliation would add value NICR’s credibility. He also said, “The recent changes in the regulatory framework and architecture of Indian commodity market share are expected to open new opportunities in this field.”


In the last decade, the ‘commodity derivatives market’ has witnessed substantial growth. However, there is a dearth of independent, credible and easily accessible research material on this subject in India. The purpose behind setting up of NICR was to fulfill these gaps and create awareness among the people.


NICR provides a certification course on Indian commodity markets. The curriculum of this course includes fundamental and technical knowledge of commodities, risk management, regulatory framework, and commodity exchange functions.
Earlier, NICR had collaborated with Pearson VUE, a global leader in computer-based testing for high-stakes certification and licensure exams. NCDEX is the leading commodity exchange of India.


The ASCI affiliation is given to training institutions set up by private companies to meet the skilled manpower requirement for in-house needs or for the sector. The Agriculture Skill Council of India (ASCI) is a Section 25 Company, registered under the companies act with Ministry of Corporate Affairs.

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