Navi Mumbai:
Market regulator Sebi is setting up a plush campus on a 70-acre piece of land near Mumbai, capable of housing over 5,000 people, to train students and financial intermediaries in market mechanics, laws and rules.
The Rs 325-crore project will train people across the market spectrum, from freshers up to the level of company directors.
Once completed in December, it will be the largest such education and training campus by any regulator globally .The institute will not only aid trained manpower needs of the capital market in India, but also several other countries in Saarc and Asean regions.
The campus, coming up at Patalganga in Raigad district, about 80km from Mumbai, is being developed by the National Institute for Securities Markets (NISM), Sebi's academic and training arm.
“No securities market regulator in the world has a cam pus of such scale,“ said Sandip Ghose, director, NISM. “It is also unique in its concept and approach, and also bigger than any B-school. The courses on offer will be in-depth, research-oriented, aimed at augmenting the capacity for the financial market,“ Ghosh said. Designed by Hiten Sethi, a well-known architect who also designed the Navi Mumbai Municipal Corporatation headquarter, a gold rated LEEDIndia signature structure, the NISM facility will be a certified green campus. It has already obtained pre-certification from GRIHA, with support from the Union ministry of new and renewable energy , for 4-star rating.
According to current estimates, the project would cost Rs 325 crore, of which Sebi would contribute Rs 225 crore. The rest will be raised from the market. The campus is being developed in phases, with the first phase planned to provide residential facilities for 900 people.
NISM is currently housed in Vashi, Navi Mumbai and offers full-time specialization courses in securities markets and quantitative finance, and part-time courses in securities law, treasury management, financial engineering, risk management, etc.
NISM also serves as a national training centre for the staff of Pension Fund Regulatory and Development Authority, Forward Markets Commission, National Housing Bank and also for the RBI in the field of capital markets. It also certifies around 1.5 lakh market professionals annually through 19 certification examinations.
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