Modalities are also being worked out for introducing sections for non-agricultural products such as ferrous and nonferrous metals, gold and silver, chemicals, and pharmaceuticals. A customization feature lets users get specific information and enables data mining according to commodity. Commenting on the proposed dynamic auction services, Karnani said that the aim was to make CommodityIndia a transaction site for trade and live commodity auction within three months.
Forward trading is permitted out of the exchange for select commodities.
The company is also considering tie-ups with overseas traders, including associations in Singapore, Hong Kong, and the Middle East, to port their requirements for domestic and international sourcing and tap the trading potential.