The decision was taken in the board meeting of FAI held yesterday here. FAI is the national body of the fertiliser sector comprising manufacturers, importers and various other entities related with the sector.
Kapur is the Joint Managing Director and CFO of IFFCO, the largest fertiliser Cooperative in the world with a turnover of USD 3.5 billion in 2013-14. He will hold charge till next AGM in 2017, FAI said in a statement.
Kapur has replaced S S Nandurdikar as the Chairman of FAI.
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