FIEO elects new office bearers
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Ganesh Kumar Gupta President |
A. Sakthivel Vice President & Chairman, Southern Region |
FIEO has elected new office bearers in its 200th Managing Committee Meeting held in New Delhi on 27 December 2006. Mr. Ganesh Kumar Gupta and Mr. A. Sakthivel have been elected respectively as the President and the Vice-President of the Federation while Dr. R. K. Dhawan, Mr. S. K Saraf, Mr. A. Sakthivel and Mr. S. K. Jain have been elected as the Chairmen of Northern, Western, Southern and Eastern Regions respectively. The new officials will hold their offices for two years.
Mr. G. K Gupta, the new President is also the outgoing Vice President and has served the Federation as Western Region Chairman in the past. Managing Director of Vijay Silk House, Mr. Gupta is a visionary team leader and is known for his dexterity in achieving solutions to various day-to-day issues of the trade concerning Foreign Trade Policy, Customs, Central Excise, Banking etc. Mr. Gupta has served various important offices such Textiles Committee, Synthetic and Rayon Textiles Export Council and Indian Silk Export Promotion Council in the capacity of Chairman. A founder member of the Powerloom Development Export Promotion Council, Mr. Gupta is a leading exporter of silk and high fashion textiles.
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Dr. R. K. Dhawan Chairman, Northern Region |
S. K. Saraf Chairman, Western Region |
S. K. Jain Chairman, Western Region |
Mr. A. Sakthivel, is known for his rich contribution to the growth of textile export industry, especially small scale industries in the Southern parts of the country. Mr. Sakhtivel has served many important offices such as Apparel Export Promotion Council as its Chairman. He is the reigning President of Tirupur Exporters Association and the Director of New Tirupur Development Corporation. Mr. Sakhtivel is currently also a Director of IDBI Bank and a member of National Advisory Com-mittee of SIDBI. At present he is also serving Small Scale Industries Board and Board of Trade of the Commerce Ministry as a member. Mr. Sakthivel also holds the positions of Chairman of the India Knit Fair Association, President of the Indian Chamber of Commerce and Industry, Coimbatore, besides being a member of the Industrial Development Panel of the Government of Tamil Nadu.
Dr. R.K. Dhawan has been reelected unopposed as the Chairman of FIEO (Northern Region) for the second consecutive term and has also served the Federation as the Director General in the past. Dr. Dhawan has rich and profound experience in diverse fields ranging from trade policy-making and administration to civic affairs and academics. A former Additional Director General of Foreign Trade, he has held the office of Chairman of FICCI-Exim Forum in the past. Besides, he has served the city of Delhi as a Municipal Councillor. At present, Dr. Dhawan is a member of the governing body of IIFT and Fortune Institute of International Business. Dr. Dhawan is also the Chairman of Monsons India Pvt. Ltd. & CCS Computers Pvt. Ltd. and Director of Eastman Industries Ltd. (a Trading House) and Dixon Utilities & Exports Ltd.
Mr. S K Saraf has been reelected unopposed as the Chairman of FIEO (Western Region) for the second consecutive term. An alumni of IIT Mumbai, Mr. Saraf is Chairman of Technocraft Industries (India) Ltd., the second largest manufacturer of drum closures in the world. A former Vice President of FIEO, Mr. Saraf is at present also the President of the Confederation of Exporting Units (CEU) and the Indian Representative on the Industrial Cotton Advisory Committee, Washington. He is also on the managing committees of EEPC, Indian Cotton Mills Federation and Mill Owner’s Association. He has, in the past, held the positions of Vice Chairman of EEPC and Panel Chairman of CHEMEXCIL. Mr. Saraf is a member of the Customs Advisory Committee, the Indian Merchants Chamber, Bombay Chamber of Commerce and Industry, and the World Trade Centre, Mumbai.
Mr. A Sakthivel, the newly elected Vice President of the Federation has also been reelected as the Chairman of FIEO (Southern Region) for the second consecutive term. Managing Director of Poppy’s Knitwear, Mr. Sakthivel is known for his contribution to the growth of small scale industries of Tirupur. This Southern city owes a lot to his contribution in making it a Mecca of Knitwear in South, exporting garments worth Rs. 9000 crore every year.
Mr. S K Jain, a leading agri-exporter in the Eastern Region, has been reelected as the Chairman of FIEO’s Eastern Region Office in Kolkata for the third consecutive term. He is the Managing Director of M/s. LMJ International Ltd., a Government recognized Four Star Export House, dealing in agricultural produces such as rice, wheat, pulses, tea, coffee, soyabean, edible oils, fresh vegetables, animal feeds etc. The turnover of the company has been over US$ 200 Million during the past three years. Mr. Jain has travelled extensively around the globe since 1980’s and has discovered and nurtured many new markets for Indian products by leading several trade delegations abroad. Mr. Jain is currently also holding the office of the President of All India Agri Produce Exporters Association and the President (EIC) of Indo-American Chamber of Commerce besides being a member of all the major trade and industry chambers in India and abroad.
The Federation is looking forward to a new era of export growth under the leadership of the new office bearers.
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O. P. Garg expresses concern over hike in CRR & repo rates FIEO President Mr. O P Garg has expressed concerned over RBI’s recent move of hiking repo rates by 25 basis points to 7.25%. "The hike in CRR by 50 basis points in two phases, 25 basis points in December 23, 2006 and 25 basis points in January 6, 2007, is set to absorb Rs. 13,500 crore of liquidity from the system and that there is a widespread apprehension that bankers might be forced to reduce their credit exposure or hike the rates of interest which would have a definite adverse impact on export credit," said Mr. Garg. FIEO Chief warned that the export figures for October were already reflecting a decline of 19% and any increase in interest rates for export credit might provide a further setback to exporters, especially the small and medium exporters who contribute substantially to the economy in terms of output and employment generation. Dr. Y. Venugopal Reddy, the RBI Governor, in a meeting with chief executives of major commercial banks had recently presented the Mid-term Review of Annual Policy for the Year 2006-07 which called for hiking of repo rates by 25 basis points as one of the measures to contain inflation. |
