Y C Deveshwar is new CII chief

Y C Deveshwar, Chairman, ITC Ltd, has taken over the reins of the Confederation of Indian Industry (CII) as its president, on Wednesday, succeeding Sunil Kant Munjal. Deveshwar's tenure as President of the CII comes at a time when Indian industry is gaining global recognition. An engineering graduate from IIT, Delhi, Deveshwar was handpicked by the government to head the national carrier, Air India, as chairman and managing director. The government of India has also nominated him the chairman of the society and board of governors of the Indian Institute of Management, Calcutta. He is also a member of the National Manufacturing Competitiveness Council. Deveshwar is also the Chairman of ITC Hotels Limited and Surya Nepal Private Limited and is a Director on the Board of International Travel House Limited. He has also been honoured with the Honorary Fellowship of the All-India Management Association, the Distinguished Alumnus Award of the Indian Institute of Technology, Delhi, the Meridien Hotelier of the Year Award and the Marketing Man of the Year from A&M, the country's leading marketing publication. Ernst & Young have also honoured Deveshwar with the Manager Entrepreneur of the Year Award in 2001. Mr R Seshasayee, has taken over as the Vice-President of CII. A Chartered Accountant by profession, he is the Managing Director of Ashok Leyland since 1998. On the National Council of CII for over 15 years, Seshasayee has been Chairman of several national committees of CII including on Eighth Plan, Economic Affairs, Defence, Surface Transport and International Trade and WTO. He was a member of the government of India delegation to Doha Ministerial Round of WTO in 2001. He was also past Chairman of the CII Southern Region. He was also the President of Society of Indian Automobile Manufacturers, the apex body representing automobile industry in India. He is now the Chairman of International Trade Committee in SIAM. Seshasayee has served on several professional committees such as the Accounting Standards Board and the Research committees of the Institute of Chartered Accountants of India. He is a member of the governing council of the Institute for Financial Management & Research and the Academy for Management Excellence. Recently, he has taken over as Chairman of the Board of Governors of National Institute of Technology Tiruchirapalli (NITT). He has served as a Director in ICICI Bank, EID Parry India Ltd., and Sundaram Asset Management Co. Ltd. He is also associated with several charitable, cultural and social welfare organizations. He was the recipient of the Honour award from Rotary Club.

Y C Deveshwar is new CII chief

Y C Deveshwar succeeds Sunil Kant Munjal as the new CII president.

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