IMFA MD Subhrakant Panda elected FICCI President

Leading industry body Federation of Indian Chambers of Commerce and Industry (FICCI) on Wednesday announced Subhrakant Panda as its next President.

At present, Panda is Managing Director of Indian Metals & Ferro Alloys Ltd (IMFA), country’s leading, fully integrated producer of ferro alloys with captive mining and power generation capacities.

Currently serving as the Senior Vice President of FICCI, he will take over the chair from Sanjiv Mehta as President at the conclusion of the 95th Annual General Meeting of the apex chamber scheduled to take place on December 16-17, 2022.

Panda has been active in FICCI for over 20 years and will be the first industrialist from Odisha to take up a leadership role in the chamber. He was the first Chairman of the FICCI Odisha State Council besides captaining the FICCI National Manufacturing Committee.

He has spearheaded various responsibilities in IMFA and helped in expansion of the industry leader after he was appointed Managing Director which led to significant growth in revenue and profitability of the company.

Panda was also President of the International Chamber of Commerce (India Chapter) in 2017-18 and the Paris-based International Chromium Development Association (ICDA) during 2013-15.

In his reaction after the announcement, FICCI President-elect Panda said, “I consider it a privilege to helm this great institution at a crucial time.”

“Even as the India growth story gathers momentum, there is work to be done pushing the reforms agenda further besides engaging with stakeholders on important issues such as decarbonisation and sustainability. I will work to strengthen FICCI and take these forward,” ANI quoted Panda as saying.

The FICCI in a statement said: Panda with his deep understanding of the economic and industry issues is determined to strengthen further FICCI’s position as the leading industry chamber which will contribute to the India growth story through its engagement with various stakeholders.