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Mumbai, July 30 Mr Madhukar Kamath, Managing Director & CEO of the Mudra Group, has been unanimously elected as the new President of Advertising Agencies Association of India (AAAI) for the year 2007-2008.

The AAAI is the apex body of advertising agencies in the country and comprises 84 members who account for approximately 80 per cent of all the advertising business in the country.

Commenting on his appointment as the President of AAAI, Mr Kamath said, “The Indian advertising industry is undergoing tremendous change. I believe marketing communications play a valuable role in the economy. The task at hand is to improve the image of the industry and to promote the interests of the advertising agencies so that they continue to make an essential and ever-increasing contribution to the nation.”

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