Rajan Bharti Mittal takes over as new FICCI chief - India News and Travel Times Provides India-centric and other News and Features

Rajan Bharti Mittal, Vice-Chairman and Managing Director of Bharti Enterprises, on Tuesday took over as the president of the country's prominent industrial body, the Federation of Indian Chambers of Commerce and Industry (FICCI). Addressing a press conference in the national capital, the newly elected president called for internal reforms and 75 billion dollars of Foreign Direct Investment (FDI) to achieve 10 percent growth on a sustained basis. "In 2008-09 we (India) got 33 billion dollars (as FDI). Why should India not become the hub for foreign investment? I want to put on the table that during my leadership, we are going to start working towards it, and by 2015, India should attract 75 billion dollars of FDI," Mittal said. He further said that the main thrust of the organization will be to work with the Union Government in areas of labour reforms, land reforms and bureaucratic hurdles. "We are, this year, committed that we should work with the government to see that these reforms, red tapism and rules and regulations are eased for the investment to come in," Mittal added. The 50-year-old Mittal, an alumnus of Harvard Business School, succeeds Harsh Pati Singhania, the Managing Director of J. K. Paper. FICCI, with headquarters in New Delhi, is the voice of India's business and industry. It also has direct membership from private as well as public sectors.