04 July 2016 Current Affairs: Federation of Indian Chambers of Commerce (FICCI) has inducted new Chairpersons for its Telangana and AP State Councils.
The current chairperson Sangita Reddy, Jt Managing Director of Apollo Hospitals, has handed over the chairmanship, on completion of her tenure on 6 July 2016,to Devendra Surana, MD, Bhagyanagar India Ltd., who is designated as the Chairman.
FICCI Telangana State Council and M. Prabhakar Rao, CMD, NSL Group, will be the Chairman, FICCI Andhra Pradesh State Council.
In Telangana, the industry body will focus on information technology, manufacturing & engineering, renewable energy, MSME, infrastructure, etc. It will focus on agriculture & food processing, pharmaceuticals, logistics & warehousing, and defence sectors in Andhra Pradesh.
FCCI : Established in 1927, FICCI is the largest and oldest apex business organisation in India. Its history is closely interwoven with India's struggle for independence, its industrialization, and its emergence as one of the most rapidly growing global economies.
A non-government, not-for-profit organisation, FICCI is the voice of India's business and industry. From influencing policy to encouraging debate, engaging with policy makers and civil society, FICCI articulates the views and concerns of industry. It serves its members from the Indian private and public corporate sectors and multinational companies, drawing its strength from diverse regional chambers of commerce and industry across states, reaching out to over 2,50,000 companies.
FICCI provides a platform for networking and consensus building within and across sectors and is the first port of call for Indian industry, policy makers and the international business community.