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Do you want to learn more about the Federation of Indian Chambers of Commerce and Industry? This is a major Indian organization that aims to promote and develop business-related activities in the country. The full form of FICCI is the Federation of Indian Chambers of Commerce and Industry. Let’s take a closer look at what this organization does and how it can benefit businesses in India!
Establishment of Federation of Indian Chambers of Commerce and Industry
FICCI was established in 1927 under the direction of Mahatma Gandhi by a group of Indian industrialists. The establishment was aimed at promoting and protecting the interests of the Indian business community.
FICCI has played an important role in the economic development of India since its inception. It has been at the forefront of policy advocacy with the government and has been instrumental in the formulation of several industrial policies.
FICCI is headquartered in New Delhi and has a network of over 100 chambers and associations across India. It also has chapters in other countries, including the United States, the United Kingdom, and France.
Services provided by FICCI
FICCI is responsible to provide many services to the country. Some of them are as follows:
– The Federation of the Indian Chambers of Commerce and Industry is a non-profit organization that was founded in 1927
– The main goal of this chamber is to promote and develop the economic interests of its members
– FICCI provides many services to its members, including advocacy, networking opportunities, business intelligence, and more
– Additionally, FICCI also works with the government to help formulate economic policy
Thus, we can see that the Federation of Indian Chambers of Commerce and Industry is a very important organization in India that plays a major role in the country’s economy. If you are doing business in India, it would be beneficial for you to become a member of FICCI.
Register in FICCI
Any business can become a part of FICCI. Just go along the below-mentioned steps and it will be done before you know it:
-First, visit the Federation of Indian Chambers of Commerce and Industry’s (FICCI) website.
-On the homepage, there is a tab labelled “Membership.” Click on that.
-You will be directed to a page with different types of membership. Select the one that is most appropriate for your company.
-Fill out the form and submit it. You will then be contacted by FICCI to complete the registration process.
Functions of FICCI
The following are the main functioning of FICCI:
– To promote and protect the interests of the industry in India
– Act as a pressure group to bring about desired changes in the government policies
– Promote international trade and investment
– Facilitate the exchange of knowledge and experience among the members
– Assist in the formation of joint ventures and collaborative arrangements between Indian and foreign enterprises
Initiatives of FICCI
FICCI initiated the following programs:
– India International Trade Fair: IITF is the largest consumer fair in India and is organized by FICCI
– Make in India: This initiative was started by Prime Minister Narendra Modi to make India a global manufacturing hub
– FICCI Ladies Organisation: FLO is the largest women’s organization in India with a membership of over 12,000 women
– Federation of Indian Micro and Small & Medium Enterprises: This is the apex body representing the interests of the micro, small and medium enterprises in India
– Federation House: Federation House is the headquarters of FICCI and is located in New Delhi
– National Initiative on Climate Change: NICC is a joint initiative of FICCI and TERI to promote climate-friendly businesses in India
– India Brand Equity Foundation: IBEF is a trust set up by FICCI to promote and protect the interests of Indian brands globally
– Federation of Indian Export Organisations: FIEO is the apex body of Indian export promotion organizations
Along with these, the Federation of Indian Chambers of Commerce and Industry has also successfully launched many other programs for the benefit of the country.
Conclusion
The Federation of Indian Chambers of Commerce and Industry (FICCI) is a nonprofit, industry-led organization that aims to promote and support economic growth in India. One way it does this is by facilitating business-to-business connections and providing resources for businesses operating in India. FICCI also advocates for sound public policy that will create an environment conducive to private enterprise. If you’re an entrepreneur or student in India, FICCI offers a wealth of resources and opportunities to help you grow your business.
