Obviously a big day for you. Maybe just to let the global community know how this is all going to work.
Yeah. Thank you for inviting me to your show. It has been an amazing
journey for us. Now this has been. Well what can progress for some time. But today is a momentous day of NBA getting launched
by our famed Mr. India. And the nation will in exchange has been set up under the aegis of information financial services sent
personal party which is in the gift city. You mentioned it. This is a unified regulator and this is especially economic zone for
information financial services. So one thing which we would like your viewers to know that there is no restriction on capital
movement. So the water which comes here and as you mentioned it will be treated in the form of beady eyes. We have that
information working partners with us and the qualified join us will meet certain criteria in India idea in their domestic that
NIKKEI ISE we call they will be eligible to import or buy it and we didn't go lessen it once. So this is something for the first
time has been permitted in India. We didn't know that Gordon was being imported with banks and mortgage agencies.
And this is a first step towards that disintermediation whereby the effect and data come on they exchange and a board. Tell them
more by the members. You mentioned jewelers. Who else can actually trade on this platform now as it traders as a bank as
investors as well. What are your expectations in terms of liquidity and trading volumes.
So as you know India continues to be the second largest consumer of floor. And our intention for setting up this exchange was
that we provide the platform like dimension players who come here and start trading in gold. So important Lord back in India
from India intervention we level in exchange is just one of those less be and we make the bedrock for us. It is a huge
edifice which is likely to be created. We expect an international thought in bullion banks that big bullion dealers
they are already in talks with us. Many of them have already started inviting. A few have already joined best lines of alert
leading members and they look forward to come here and start using that as an earpiece for supplying gold. But that is only a
window. But the point number three is that the active trading the entities which are in International Financial Services
Centre as well as anybody who is outside India but meets the criteria on our exchange as a member or as a client of a member
can actively trade. We are also looking to invite the investors to use our facilities if they want to invest in board which has
been struck down now and still waiting for word in the formal BDO RSPB ISE which will be in their domestic take out and these
videos can be actively traded. You can sell the BDO bank your dollars out and you can also Dani Burger the physical metal and
big gold or silver without any has to solve. Well I shot some. NASDAQ I just wanted to ask you about the physical mental and I
guess what you see in terms of demand because in the second quarter we saw India's gold demand rise 43 percent. You're about
to go into Indian wedding season which also spurs demand. But how is the consumer feeling when you've got these high
inflationary pressures you've got a weak rupee. So not at these prices always have some impact but in India the
border demand actually is quite resilient. It's a it's a growing economy. It's a young economy. As you know the wedding season
will be coming. So we will believe that the Lord demand will start before the season is just starting in next 10 15 days. And
this will continue till January. So we believe that the demand will be there. And a lot of steps have been also begin by
Goldman Bear of the IRA and bandaging the manufacturing of jewelry. They export their jewelry. So it has to be a market
which we aspire to create. But obviously the I should win in exchange for facilitate better pricing transport and pricing and
a democratic way for a qualified Jew unless you come here and bid for the. Yes. And when we look at international trade is
what currency is this trading going to be done in. Know how can traders get around some of the currency restrictions
particularly when I mentioned you are saying these big fluctuations coming through and the pain. Yeah. So here the
trading gives us stronger because this is a dimension financial services sector sort of a special economic zone of it. There are
no capital restrictions. So you can bring in your dollars. You can invest in BDA sale. You'll be the RTX dollar. So all even
Big William borrow without any restrictions. So that's why you know many of the international banks want to also be uninvolved
with us and set up their reason on the auditing hubs here. We have information working for us with us. We have been advised by
the regulator. So we believe that the main investment I mean. And slowly but surely India will emerge as a pricing point said
the Bloomberg Markets.