Two of the country’s top lobby groups saw the induction of senior executives on Wednesday.
Well-known economist Rajiv Kumar has been appointed as the director-general of the Federation of Indian Chambers of Commerce and Industry (FICCI). Kumar will “assist” Secretary General Amit Mitra, FICCI said on Wednesday.
U.K. Sinha, chairman and managing director, UTI Asset Management Company, was appointed the chairman of the Association of Mutual Funds in India (AMFI). The board has elected HDFC MF Managing Director Milind Barve as the vice-chairman. Both Sinha and Barve would hold office till the next annual general meeting.
Sinha takes over from A.P. Kurian, who held the post since the formation of AMFI in 1995.
In FICCI, Kumar will “assist the secretary general to further strengthen India’s oldest apex business organisation,” the industry chamber said. He was previously director of economic think tank ICRIER, and has served with the Asian Development Bank. He was economic adviser in the Ministry of Finance, and also chief economist of the Confederation of Indian Industry.
“We are confident that Kumar’s rich experience and insights will add immense value to FICCI,” Mitra said.