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Introduction
Associated Chambers of Commerce and Industry of India is the oldest industrial organization. It is highly dedicated to working for the benefit of the businessman in synchronization with the Government. It works for all types of Industries, be it micro or macro industries. When it comes to the Micro, Small, and Medium Industries, Assocham is a trusted organization.
Assocham is a non-government organization whose main office is located in the capital of India, New Delhi. The organization’s foundation was laid down in the year 1920 to work in the interest of the trade and commerce sector of the country.
Ever since the organization’s foundation was laid down, it has been highly active in promoting domestic and international business across the country. This has reduced the barriers for the traders and the businessman and has helped them expand their business internationally.
Background of ASSOCHAM
The organization was founded in the British era, mainly in 1920. It has around 4, 50,000 members present, and mainly micro, small, and medium industries are present in the majority. Every organization has a background.
With its excellence and dedication, it has managed to bring together more than 400 organizations and regional businesses under it.
Councils Under ASSOCHAM
Assocham has a greater impact in the business world owing to its credibility and reliability. It has emerged as a bridge between the Government and the people in business. To ease the trade and the business, it helps in the smooth dialogue between different organizations and helps them club them together.
More than 100 councils of all the sectors, are it national or regional sectors, are associated with Assocham. All the councils are led by well-known industrialists who are a part of the Assocham. The big industrialists and top academicians, professionals, and philanthropists are part of Assocham.
Strategic Priorities of ASSOCHAM
Every organization has a proper strategy to work with full-fledged efficiency. Assocham also has strategic strengths to sustain itself in the industry. They are mainly four in number. Those strategies are:
- Sustainability
- Empowerment
- Entrepreneurship
- Digitization
These are the pillars of Assocham and help in its proper functioning. These pillars of strength were decided on their efficiency. It was believed that if the organization worked on these four aspects, it would emerge as a strong organization to cater to the needs of both the Government and the traders.
Has ASSOCHAM changed the face of Indian Business?
Ever since Assocham was founded in 1920, it has changed the face of Indian Business. It was a historical decision in the era of Indian Business as the country was under British Rule. There was a need for the formulation of the organization as the Britishers were ruling the commerce sector and were gaining profits.
Calcutta Trades Commerce laid the foundation of the Assocham. Still, as Madras and Bombay Commerce Chambers were more ahead in the business during the British era, it can be concluded that it was the driving force behind the formation of Assocham.
The Britishers reaped maximum benefits from the Indian traders. Calcutta was the centre of the business market, and Bengal was the seat of the legislative council, so that’s how the traders in the city formed Assocham. The main products like indigo, tea, jute, and cotton excited the Britishers and made them invest in the country’s business. Britishers exported these products to other countries and earned large profits.
However, as the Petition of the Bengal happened, there was an effect seen on the business. Twelve years after the war ended, there emerged another wake to form a national organization, and that’s how it became functional and operational.
Chambers of ASSOCHAM
The Assocham started initially with twelve chambers mainly:
- Bengal Chamber of Commerce
- Bombay Chamber of Commerce
- Burma Chamber of Commerce
- Ceylon Chamber of Commerce
- Chittagong Chamber of Commerce
- Cochin Chamber of Commerce
- Cocanada Chamber of Commerce
- Karachi Chamber of Commerce
- Madras Chamber of Commerce
- Panjab Chamber of Commerce
- Narayanganj Chamber of Commerce
- Tuticorin Chamber of Commerce
Conclusion
The Association of Chambers of Commerce and Industry of India has been a boon for the business expansion of the country all across the globe. Because of the organization’s relentless efforts, the country has been able to excel in the trade market not just in one country but all across the globe. India has set a benchmark for its quality and quantity of reliable goods and products.
