NCDEX Institute of Commodity Research (NICR) is a 100 per cent subsidiary of the National Commodity & Derivatives Exchange (NCDEX). NICR has been incorporated under Section 25 of the Companies Act, 1956 (No. 1 of 1956), on the 18th of September 2007, making it a not-for-profit company. NCDEX, which has emerged as a leading commodity exchange in the country, has promoted NICR, a not for profit institute, to meet this research gap. NCDEX is a professionally managed company and has been promoted by public and private sector institutions of global repute. The vision is to make NICR recognized nationally as an independent, credible academic and research institute of eminence

NICR is dedicated to promoting research and awareness in commodity markets. It derives its credibility and strength from its parent organization NCDEX, one of India’s leading commodity exchanges. Since the establishment of national commodity exchanges in 2003, the commodity futures market has witnessed phenomenal growth with traded volumes crossing 77,000 billion in 2009-10. However, commodity derivatives have not yet achieved their full potential for a number of infrastructure and awareness related issues. Lack of a network of well spread spot markets, availability of research material, and intelligence on market trends on various commodities are limiting factors, resulting in poor understanding of the dynamics of the commodity markets. Like any other emerging area, there is dearth of independent, credible and easily accessible research material on the subject in India.  It is to fill this knowledge and information gap that NICR was set up.

NICR Logo and Colour Scheme Description 

The logo and the colour scheme adopted by NCDEX Institute of Commodity Markets and Research (NICR) comprise an artist’s abstraction of the letters “NICR” and incorporates the logo of the parent company, followed by the acronym NICR.

The dominant characteristic of the logo are the letters X-R, representing Exchange related Research. The shape of a D in the logo followed by its mirror image also represents an open book, depicting the focus of NICR on knowledge and education. The green represents both growth as well as the emphasis on agricultural research.

The green, golden brown and black colours in the logo represent all the important commodities, i.e. agro commodities, metals and energy products like oils, etc. The black lettering of NICR, borrowed from the black lettering of NCDEX, symbolizes the vastness of the commodity and derivatives space, which NICR wishes to fill through its education and research activities.