Indus Valley Times

By Payal Banarjee

New Delhi, Nov.2: The Federation of Indian Chambers of Commerce and Industry (FICCI) on Wednesday announced Mr Subhrakant Panda as its President Elect.

Mr Panda is currently the Senior Vice President of FICCI and shall succeed Mr Sanjiv Mehta as President of the apex chamber at the conclusion of the 95th Annual General Meeting to be held on December 16th-17th, 2022.

Mr 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.

Mr 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).

Mr 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 Mr Panda being elevated as President- elect of FICCI, Mr Brahmananda Mishra, President of Utkal Chamber of Commerce & Industry (UCCI) 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 1st Odia industrialist to hold such national leadership in India’s apex business chamber.”

Mr JK Mohanty, Eminent Industrialist and MD of Swosti Group 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 & exposure, the members of FICCI will benefit a lot. I wish Subhrakant a successful tenure.”