Neotia, a 'Padma Shri' awardee, is also a member of the Rajasthan Chief Minister's Advisory Council and West Bengal Chief Minister's Core Committee on Industry.
Currently, he is the senior VP of the industry body.
Neotia will take over from the current Ficci President Jyotsna Suri during the chamber's AGM next month, Ficci said in a statement.