(1) There shall be an Executive Director as an administrative chief of the Institute to perform the daily function and the Board shall appoint Executive Director from among the persons who have obtained at least a Masters degree and an experience in the field of industrial business.
(2) The tenure of office of the Executive Director shall be Four years and he/she shall be eligible for reappointment not exceeding Four years.
(3) The remuneration, condition of service and facility of the Executive Director shall be as prescribed.