Mumbai: Prime Minister Mr Narendra Modi inaugurated today (24 December 2016) the National Institute of Securities Markets’ new campus at Patalganga, Mumbai. The Prime Minister praised the NISM by saying that the institute is performing the role of educating various participants and providing skill certification. Mr Modi said “today, our mission has to be a `Skilled India’.”
Indian youth should be able to compete with their counterparts in any corner of the world. This institute has a vital role to play in such capacity building. The Prime Minister also said “I have been told that around one lakh fifty thousand candidates undertake examinations of NISM every year. More than 5 lakh candidates have been certified by NISM till date.”
The National Institute of Securities Markets (NISM) is a public trust established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India. NISM aims at teaching and training intermediaries in securities markets and promoting research.
India has earned a good name for its well-regulated securities markets. The spread of electronic means of trading and the use of depositories have made our markets more transparent. The Prime Minister also lauded the SEBI with saying that is an institution can also take pride in this.
Mr Modi also briefly outlined the current economic conditions in India with respect to global markets. “Developed countries and emerging markets are both facing slow growth. Against this background, India is being seen as a bright spot. Growth is projected to remain among the highest in the world,” Mr Modi opined.
The Prime Minister also highlighted “My aim is to make India a developed country in one generation. India cannot become a developed country without world class securities and commodity markets.”
The Governor of Maharashtra, Mr C Vidyasagar Rao, the Union Minister for Finance and Corporate Affairs, Mr Arun Jaitley, the Chief Minister of Maharashtra, Mr Devendra Fadnavis and the Minister of State for Finance and Corporate Affairs, Mr Arjun Ram Meghwal are also attended the inauguration ceremony of the new campus of the NISM.