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Ficci regional council moves to a new premise in Mumbai

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Mumbai, 5 May, 2006 - With a mission to accelerate industrial and economic growth of the western region manifold by acting as a catalyst in the process of progress, FICCI Western Regional Council - the regional arm of the FICCI - the largest and the oldest apex body for industries, moved on Thursday evening, to a bigger and modern office at Krishnamai Building, Pochkhanwala Road, Worli, Mumbai 400025. With this shifting, FICCI-Western Regional Council has become the largest regional office of FICCI in India. The new office has been designed to accommodate a big conference room, research center with space to accommodate future growth.

Inaugurating the new office of FICCI-WRC, Mr. Saroj Poddar, President, FICCI expressed confidence that the regional office of FICCI, which has been doing wonderful work, would serve the industry and the society with renewed vigour. He pointed out that the expansion of the regional office in Mumbai was in line with FICCI's firm belief that strong regional offices would strengthen the apex body to maintain the position of leadership in serving trade, industry by offering excellent service. He assured all out support to its regional office in its developmental efforts for the region.

Mr. Habil Khorakiwala, Sr. Vice President, FICCI in his address said that the opening of the bigger and modern office in Mumbai showed the importance that FICCI attaches to this great city of Mumbai and the State of Maharashtra. He envisioned Mumbai becoming the knowledge capital of India, based on her strengths in IT, ITeS, Pharma, Biotechnology sectors. He called for a total transformation of Mumbai, Maharashtra and the entire western region, which have a great potential for unlimited growth. He expressed confidence that FICCI Regional Office could act as a catalyst in bringing about such a transformation.

Earlier Mr. Sushil Jiwarajka, Chairman, FICCI-WRC, gave an overview of the regional and national initiatives undertaken by the council. He elaborated on the achievements of the council in areas of regional core competence viz., Textiles, Chemicals, Pharmaceuticals, Petrochemicals, Entertainment, Energy - Oil, Gas, Power, Agriculture, Banking, Capital Markets and Medical Tourism. He also highlighted its Corporate Social Responsibility initiatives like curbing of cyber crime, flood relief, rainwater harvesting, and corporate governance. He stressed the role of the regional council in areas like trade facilitation, arbitration and conciliation, sold waste management, women empowerment and enterprise.

Underling the need for brand protection, Mr. Ashok Chhabra, Executive Director, Procter & Gamble, Member, FICCI, Brand Protection Committee said that fake products and counterfeits wee harming the interests of all the industries in general and FMCG & Pharmaceuticals in particular. He also said that FICCI was taking every effort to contain this menace. He called for total cooperation of all concerned to control this problem.

Highlighting the need to reduce transaction costs and improve market access in international trade, Mr.Ramu Deora, Chairman, FICCI Trade Facilitation Forum elaborated on the work being done by the Forum in providing a forum for effective interface with trade related agencies and the authorities concerned for creating a hassle free international trade environment.

Lauding the FICCI-Western Regional Council for setting up the excellent office in Mumbai, Dr. Amit Mitra, Secretary General, FICCI, envisioned that the regional office would provide more services to industry, bring about radical changes in the economy, and effect changes in policies to enlarge market opportunities for conducting easy and hassle free trade in the true spirit of globalization with liberalization as its foundation. He underlined the strengths of FICCI at the national level in terms of highly qualified manpower, economic database, wealth of research information, research facilities and the support of its regional and overseas office. He was confident that both FICCI and FICCI-WRC could bring about synergies in operations and be a strong force to reckon with.

Media Division,

FICCI, Mumbai

For further information please contact:

Neha Taleja/Shefali Virani

ntaleja@corvoshandwick.co.in

/shefalivirani@corvoshandwick.co.in

Corporate Voice I Weber Shandwick

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