Welspun chairman Balkrishan Goenka new ASSOCHAM president

Balkrishan Goenka, chairman of the Welspun Group has been appointed the president of The Associated Chambers of Commerce & Industry of India (ASSOCHAM). Goenka has succeeded the chairman and MD of Monnet Ispat & Energy, Sandeep Jajodia. Dr Niranjan Hiranandani, co-founder & MD, Hiranandani Group is the new senior vice president of ASSOCHAM.

Unveiling the new vision for ASSOCHAM, Goenka said, "ASSOCHAM has always been an important partner with the government in shaping India’s growth story. To continue this partnership, we have formulated a new vision called ‘4-SIGHT’ based on 4 strong pillars of entrepreneurship, digitisation, women empowerment and sustainability. Within each of these areas we will have a focused approach so that we can play an important role with industry and government."

Goenka is one of India’s most dynamic business leaders and the chairman of the $2.3 billion Welspun Group. Under his astute leadership, Welspun has grown exponentially, to become one of the most notable corporates in the global arena with presence in over 50 countries.

He began his entrepreneurial journey at the age of 19. He has been instrumental in building and shaping the future of Welspun Group- with a diversified portfolio of businesses spanning large diameter line pipes, home textiles, infrastructure, oil & gas, advanced textiles and flooring, ASSOCHAM said in a press release.

ASSOCHAM initiated its endeavour of value creation for Indian industry in 1920. It was established by promoter Chambers, representing all regions of India.