New Delhi–Pankaj R. Patel, Chairman and Managing Director of Zydus Cadila – Cadila Healthcare, has been elected President of the Federation of Indian Chambers of Commerce and Industry (Ficci) for the year 2017, a statement by the industry body said here on Monday.

Patel will take over from Harshavardhan Neotia, Chairman of Ambuja Neotia Group, during the Ficci annual general meeting to be held on December 16 and 17 here.

Zydus Cadila is a global pharmaceutical company that discovers, develops, manufactures and markets a broad range of healthcare therapies in over 50 countries worldwide.