The Business Bytes
TBB BUREAU
NEW DELHI, NOV 2, 2022
The Federation of Indian Chambers of Commerce and Industry (FICCI) on Wednesday announced Subhrakant Panda as its President-Elect. Panda who currently the Senior Vice President of FICCI, shall succeed Sanjiv Mehta as President of the apex chamber at the conclusion of the 95th Annual General Meeting to be held on December 16-17, 2022.
Panda is Managing Director of Indian Metals & Ferro Alloys Ltd (IMFA) which is the country’s leading, fully integrated producer of ferro alloys with captive mining and power generation employing 6500 people. He has handled various responsibilities in IMFA, and implemented expansion plans after he was appointed Managing Director which led to significant growth in revenue & profitability.
Panda is the first industrialist from Odisha to take up a leadership role in FICCI. India is seen to have emerged as a bright spot at a time when the global economy is facing turbulence; with his deep understanding of the economic and industry issues, Mr Panda is determined to further strengthen FICCI’s position as the leading industry chamber which will contribute to the India growth story through its engagement with various stakeholders.
He has been active in FICCI for two decades, and was the first Chairman of the FICCI Odisha State Council besides heading the FICCI National Manufacturing Committee. Mr Panda is also Past President of the International Chamber of Commerce (India Chapter) and the Paris-based International Chromium Development Association (ICDA).
Panda graduated with honours summa cum laude from the Questrom School of Business, Boston University in 1993 with a dual concentration in Finance and Operations Management. He has been recognised for his outstanding scholastic achievement by being named to the Beta Gamma Sigma Honour Society for Collegiate Schools of Business and Golden Key National Honour Society. He is a keen reader and his interests include technology.
Commenting on Panda being elevated as President-elect of FICCI, Utkal Chamber of Commerce & Industry (UCCI) President Brahmananda Mishra said, “I along with Team UCCI heartily congratulate Mr. Subhrakant Panda on being elevated as President Elect of FICCI India. We are delighted to propose his nomination from UCCI, Odisha. We feel proud of Mr. Panda, as first Odia industrialist to hold such national leadership in India’s apex business chamber.”
Eminent industrialist and Swosti Group MD JK Mohanty in his congratulatory message said, “It is a matter of pride for Odisha that Mr Subhrakant Panda is elected as President of the national body FICCI. I am sure, with his Industrial experience and exposure, the members of FICCI will benefit a lot. I wish Subhrakant a successful tenure.”
