Sebi chief's grand plans to boost commodities market

New products, participants will help Sebi's objective in creating a deeper commodities market

The new chairman of the Securities and Exchange Board of India (Sebi), Ajay Tyagi, began his innings on a familiar pitch, laying down his vision for the commodities derivatives market. In his first public appearance on Saturday, since taking over on March 1, Tyagi told the international convention organised by commodity brokers in New Delhi that the market would be deepened by opening up to new participants and widened by introducing new products. 

The event, organised by the Commodity Participants Association of India, was presided over by the Union Minister of Agriculture, Radha Mohan Singh. Other guests included Union Minister