The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Y C Deveshwar built ITC into an excellent corporate citizen, says ASSOCHAM President.

 

Saturday, May 11, 2019


New Delhi, 11 May 2019
 ; ASSOCHAM President Mr B K Goenka today said, he was ''deeply saddened by the demise of Mr Y C Deveshwar, the longest serving Chairman of ITC, who transformed the company into a well-diversified conglomerate with the highest degree of corporate governance, keeping CSR always a board room priority."
 
Mr Goenka said, "ITC Ltd has remained a valued patron of ASSOCHAM and has been making immense contributions to the chamber for several decades. Mr Deveshwar pioneered the growth of ITC as a model corporate citizen which redefined sustainable business and prioritised working closely with the farmers as valuable stakeholders.  His e-Choupal initiative which combined scientific means and agricultural practices in states like Madhya Pradhesh, Andhra Pradesh and many others remains unparalleled". 
 
"On behalf of the ASSOCHAM and myself, I convey our heartfelt condolences to the bereaved family, with prayers that the departed soul rest in peace. The ASSOCHAM would also like to extend our fullest support to the management of ITC Ltd in this difficult hour, with the conviction that the great company would continue to progress for the good of its stakeholders and the nation", Mr. Goenka said.
 

About ASSOCHAM:
 
ASSOCHAM initiated its endeavour of value creation for Indian industry in 1920. It was established by promoter Chambers, representing all regions of India. Having in its fold over 400 Chambers and Trade Associations, and serving over 4.5 lakh members across India. ASSOCHAM has emerged as the fountainhead of Knowledge for Indian industry, which is all set to redefine the dynamics of growth and development in the Knowledge Based Economy. More information available on www.assocham.org
 
For further details, please contact:
 
ManjuNegi
AVDHESH SHARMA        
ASSOCHAM
ASSOCHAM       
011-46550509; +919810910911
011-46550508; +918527639419

 

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