Mumbai: The Forward Markets Commission (FMC) is likely to recognise the role of private entrepreneurs in promoting the commodity markets.

In sharp contrast to the capital market, the ownership norm for commodity bourses will emphasise on the role of an "anchor investor" holding a controlling stake, said FMC chairman B.C. Khatua.

"In a deviation from our initial outlook, we may now propose to allow an anchor investor for better operational efficiency of the commodity bourses," Khatua said on the sidelines of a seminar organised by the Indian Chamber of Commerce in Kolkota. "We expect to submit the proposal to the union ministry this week," he added.

The anchor investor, however, will not be allowed to hold a majority stake of 51 per cent and "it may be somewhat binding on him" to rope in equity participation from different commodity market constituents such as logistics, warehousing, producers and others "over a defined period of time," he said.

The commission is due to submit its final proposals before the union ministry of consumer affairs on the ownership structure of commodity bourses this week. The proposed norms will come into force as soon as the ministry clears the proposal.

The government is also expected to decide soon on issues related to the foreign direct investment (FDI) in commodity bourses.

The department of industrial policy and promotion (DIPP) has submitted a final proposal in this regard last month, he said, adding that the proposal is due to be considered by the cabinet committee on economic affairs (CCEA).