GPIL seeks FMC node for national-level bourse status

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BY http://is.gd/dITEx
Commodity market regulator Forward Markets Commission (FMC) today said it has received a proposal from Gontermann Peipers (India) for setting up a national-level commodity exchange.

"We have received a proposal from Gontermann Peipers (India) few days back. The proposal is yet to be scrutinised and process takes time," FMC Chairman B C Khatua told PTI.

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Gontermann Peipers (India) (GPIL), which is engaged in the manufacturing of iron and steel rolls for rolling mills, has sought permission to become a national-level commodity bourse, he said.
At present, four national-level commodity exchanges -- MCX, NCDEX, NMCE and ICEX -- are operative in the country.