NSE to set up skill development centre at Vignan’s University

Guntur: National Stock Exchange of India Limited (NSE) will soon set up a skill development centre at Vignan’s University in Guntur district. NSE MD and CEO, Ashish Kumar Chauhan, has said that experts from NSE Mumbai would provide specialised training to students in trading, financial markets, investments and equity research through the centre.Addressing the “student skilling and investor awareness programme” organised jointly by the Vignan University, NSE and Sebi at the university on Thursday, Chauhan said stock markets are playing a crucial role in India’s economic growth. He said the number of investors in India had increased from just 10 to 15 lakh in 1994 to nearly 13 crore at present.The total market capitalisation of Indian stock markets, which stood at around Rs 3.8 lakh crore in 1994, has now grown to nearly Rs 470 lakh crore, he said. Chauhan said that India is currently the fourth-largest stock market in the world after the US, China and Japan. He said small-scale entrepreneurs and startups could also raise funds through platforms such as “NSE Emerge” by mobilising investments through equity participation.Explaining the importance of investments, he said converting savings into productive investments is one of the strongest pillars of a modern economy. He also spoke about the evolution of NSE after the 1991 economic reforms and the need for a transparent stock exchange system following the 1992 Harshad Mehta scam.Sebi corporate finance department chief general manager D Rajesh Kumar cautioned investors against fake investment schemes and misleading financial promotions in the digital era. He advised people to invest only through Sebi-authorised institutions. Narasaraopet MP and university vice-chairman, Lavu Sri Krishna Devarayalu, said financial awareness and market knowledge would shape the future leadership of the country. He encouraged students to explore opportunities in mutual fund distribution, demat account services and equity research. Vignan’s University, in-charge vice chancellor prof K V Krishna Kishore, registrar prof P M V Rao, faculty members and students participated in the programme.