Magazine : 
Former Head of Indian Commodities Market Regulator, Ramesh Abhishek joins Cyient's Board of Directors
Cyient Limited, the Hyderabad-based global leader in engineering, manufacturing, and digital transformation has announced the appointment of one of the most eminent reformers and ex-bureaucrat Ramesh Abhishek to its Board of Directors.
Abhishek is a retired IAS officer of 1982 batch, and he brings with him a rich experience of over 37 years as one of the most senior bureaucrats in the Indian Civil Service. In his journey of distinguished career, he have played key roles in leading governance, public policy, competitiveness, regulatory & judicial Reforms, policy design & implementation, intellectual property rights, investment promotion & facilitation, institution building, among many others.
In his last appointment as the Secretary of the Department for Promotion of Industry and Internal Trade (DIPP), he was instrumental in facilitating and building some of the unique large-scale and most impactful initiatives of the Government of India that include ‘Make in India’ and ‘Startup India’. He was the key driver behind the ‘Make in India’ initiative as he contributed significantly in building a concerted global communication campaign, addressing policy and procedural reforms, implementation of industrial corridor project, designed & implemented domestic value addition requirement policy.
He was also the key person to drive FDI policy and procedural reforms by developing ‘Invest India’ to strengthen the investment promotion efforts of India that resulted in record FDI inflows of $ 205 Billion amid a reduction in Global FDI time. Abhishek also led India’s efforts to improve its rank in World Bank Ease of Doing Business Index to facilitate highest-ever ranking, recording a 67-rank jump within a short span of 3 years (from 130th in 2016 to 63rd in 2019) and awarded ‘top performer’ in successive years that was unprecedented for any large economy.
Abhishek has been the most influential people in developing the startup ecosystem in India. He did it by spearheading the ‘Startup India’ initiative that is the first of its kind startup campaign in the country. The successful campaign witnessed registration of over 20,000 startups and the launch of INR 100 Billion fund of funds to support over 45 venture funds. He also played a key role in resolving over 30 regulatory & tax issues to ease the burden of startups. Additionally, to strengthen the startup ecosystem, he formed partnerships with eight countries, over 50 corporates, and other stakeholders.
In addition, he has worked with the commerce departments & ministries of many countries building strong relationships across the world. Mr. Abhishek was recently elected to the board of directors of the US-India Business Council (USIBC).
“I am delighted to welcome Mr. Abhishek to the board of Cyient,” says, BVR Mohan Reddy, Founder & Executive Chairman, Cyient. “Over the years, Mr. Abhishek has built significant credibility and knowledge in various facets of commerce and business such as Make in India and Start-up India. His counsel and expertise will bring energy to our board and complement Cyient’s unique proposition of design and manufacturing of products. I am confident that he will provide valuable perspectives as we continue to execute our strategy, drive profitability and enhance value for all Cyient’s shareholders,” he further adds.
“I am honored to join Cyient’s board of directors. Cyient has been a pioneer in many areas of technology including geospatial services, engineering design services, and now design led manufacturing. I am also very impressed with their focus on innovation through the Innovation Center in Hyderabad. Cyient’s vision of supporting indigenous innovation, design, and manufacturing in critical industries is very appropriate and aligned with the government’s greater objectives. Having served the government for over 37 years, I now look forward to supporting the Indian Industry,” commented Abhishek, on his appointment.
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