The Indo-German Chamber of Commerce (IGCC) announced the appointment of Puneet Chhatwal, Managing Director & Chief Executive Officer, Indian Hotels Company (IHCL), as the Chamber’s new President. Chhatwal takes over the reins from the outgoing President, Kersi Hilloo (Managing Director Fuchs Lubricants India). IGCC also announced the appointment of its new committee members, Anupam Chaturvedi (Director & Chief Representative DZ BANK India) as Vice President, and Kaushik Shaparia (CEO Deutsche Bank India) as Treasurer.
Speaking on the occasion, Chhatwal said, “It is an honour to be elected as the President, and we look forward to taking ahead IGCC’s mission to be a significant catalyst for the promotion of business relations between India and Germany. In current times, there is greater need for global collaboration, and we will continue to support our member companies in creating more opportunities, increased engagement and delivering value.”
Speaking about the new appointments, Stefan Halusa, Director General, IGCC, stated, “We welcome the new committee members to IGCC, and look forward to their invaluable contribution. We believe that Mr. Chhatwal, in his role as President, will bring his vast intercultural experience and unique understanding of business in Germany and India. Germany is India’s largest trading partner in the EU and the 7th largest foreign investor in India. This will give us the opportunity to explore new areas for economic growth whilst leveraging the strengths of both nations.”
Puneet Chhatwal has almost four decades of global experience. He currently heads South Asia’s largest and most iconic hospitality company, IHCL. Prior to this, he has held leadership roles in Germany, and Europe. He is also the President of the Hotel Association of India and the Chairman of the CII National Committee on Tourism.
IGCC is a highly respected institution in India and Germany. It is the largest German Bi-National Chamber (AHK) abroad, and the largest Chamber of Commerce in India with over 4500 member companies across diverse sectors. Around 1,800 German companies are active in India, providing more than 500,000 jobs in the country.