The Federation of Indian Export Organisations (FIEO) has elected Sharad Saraf, the Chairman and Founder of Technocraft Industries (India) Ltd., as its new President. With an expertise and experience of more than 4 decades in foreign trade, Saraf in his earlier stints in FIEO has served twice as Vice-President and 4 times as Regional Chairman.

A staunch votary of exporters’ issues, Saraf is a member of 5 different Export Promotion Councils, having an experience of multiple business segments, FIEO said in a report. Besides, he also played a pivotal role in obtaining path-breaking judgements in cases of 80 HHC, Service Tax, Target Plus Scheme, Incremental Export Incentivisation Scheme (IEIS), etc.

Also a founder of Export Promotion Council for EOU and SEZ, Saraf during his earlier tenure in FIEO started innovative marketing initiatives by establishing distribution centres in several countries, helped in formulation of various export promotion policies on EOU, SEZ, advance licenses and other schemes.