The recent 13th International Convention organized by the Association of National Exchanges Members of India (ANMI) concluded in New Delhi, with a focus on discussing strategies to enhance Bharat’s capital market. Over 900 trading members from prominent Indian stock exchanges, regulatory bodies, and industry leaders came together for the event, themed “Bharat: A Global Hub of Opportunities.”
The convention featured insightful sessions covering various topics such as Mega Trends in the Indian Capital Markets for the Next Decade, Bharat’s Economic Ascent, and Technology Enablers in Capital Markets. Renowned experts in the finance sector engaged in motivating discussions, providing valuable insights into the future of Bharat capital markets.
A highlight of the event was the presence of Kamlesh Varshney, Whole Time Member of SEBI, who emphasized the importance of reforms, innovation, and investor trust for achieving targeted capital market growth. Varshney highlighted SEBI’s initiatives, including the development of a cyber-security framework, urging brokers to implement these measures to enhance investor confidence.
Varshney also released a report titled ‘Roadmap for Inclusive Development of Indian Capital Markets,’ providing valuable perspectives on the market’s future trajectory. Ashish Chauhan, MD and CEO of NSE, delivered a speech emphasizing the role of stockbrokers as catalysts for growth and recommended investing in NIFTY for wealth creation and India’s future growth.
Chauhan ambitiously set a target to achieve 100 per cent coverage of registered depositaries with unique PAN numbers, underscoring NSE’s commitment to broadening market participation. He identified tech-driven startups as primary drivers of wealth creation, setting a target to increase market cap to USD 50 trillion in the next two decades.
During the convention, ANMI released a report on the Roadmap for Inclusive Development of Indian Capital Markets, outlining strategies to promote sustainability, inclusion, education, and transparency. Dr. Vijay Mehta, President of ANMI, commended the discussions held at the convention, emphasizing India’s economic prowess and global presence.
Hemant Kakkar, Convenor and Chairman of ANMI, echoed Dr. Mehta’s sentiments, highlighting the convention’s focus on exploring ways to boost India’s global economic status through capital market initiatives. Kakkar praised the innovative solutions presented and reaffirmed ANMI’s commitment to driving growth and development while ensuring inclusivity and transparency.
The convention concluded with optimism and determination as ANMI and its members reaffirmed their commitment to driving the growth and development of Indian capital markets, envisioning a brighter future for Bharat’s economy.
Comments