The Federation of Indian Chambers of Commerce & Industry (FICCI) is a

non-governmental A non-governmental organization (NGO) or non-governmental organisation (see spelling differences) is an organization that generally is formed independent from government. They are typically nonprofit entities, and many of them are active in ...

trade association A trade association, also known as an industry trade group, business association, sector association or industry body, is an organization founded and funded by businesses that operate in a specific industry. An industry trade association partic ...

and advocacy group based in

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

History

Established in 1927, on the advice of

Mahatma Gandhi Mohandas Karamchand Gandhi (; ; 2 October 1869 – 30 January 1948), popularly known as Mahatma Gandhi, was an Indian lawyer, anti-colonial nationalist Quote: "... marks Gandhi as a hybrid cosmopolitan figure who transformed ... anti- ...

by Indian businessman G.D. Birla and

Purshottamdas Thakurdas Sir Purshottamdas Thakurdas (1879–1961), , was a Gujarati cotton trader, mill owner, businessman and industrialist from Mumbai, India. He was one of the signatory of '' Bombay Plan'', which was set of proposals for the post-independence economy ...

. It is the largest, one of the oldest and the apex business organisation in India. It is a non-government, not-for-profit organisation. FICCI draws its membership from the corporate sector, both private and public, including SMEs and

MNCs A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, i ...

. The chamber has an indirect membership of over 250,000 companies from various regional chambers of commerce. It is involved in sector-specific business building, business promotion and networking. Currently, it is headquartered in the national capital

New Delhi New Delhi (, , ''Naī Dillī'') is the capital of India and a part of the National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the government of India, hosting the Rashtrapati Bhavan, Parliament Ho ...

and has a presence in 12 states in India and 8 countries around the world.

Allied Organisations

Confederation of Indian Food Trade and Industry

Confederation of Indian Food Trade and Industry (CIFTI) caters to the Indian food Industry. It deals with policies, trade affairs and capacity building. CIFTI provides institutional support and partners with the Government and the Indian private sector in promotion and development of Indian food processing industry. CIFTI was established by FICCI in 1985. It is currently led by Sanjay Khajuria who serves as its president.

Arbitration and Conciliation Tribunal

FICCI Arbitration and Conciliation Tribunal (FACT) provides arbitration services for settling commercial disputes. FACT was established in 1952 and aims at settling business disputes outside the traditional framework offered by courts of law through arbitration and conciliation, as the case may be.

Alliance for Consumer Care

FICCI Alliance for Consumer Care (FACC) is a dedicated centre set up by FICCI along with

Department of Consumer Affairs (India) The Ministry of Consumer Affairs, Food and Public Distribution is a government ministry of India. The ministry is headed by a Cabinet rank minister. Departments The ministry is divided into two departments, the Department of Food and Publ ...

to enhance consumer care practices and facilitate stakeholder interaction. It facilitates prompt redressal of consumer grievances, a dialogue between the business and consumers and promotion of responsible business practices.

Ladies Organisation

FICCI Ladies Organisation was established in 1983 to promote entrepreneurship and professional excellence among women in India.

Aditya Birla CSR Centre for Excellence

Aditya Birla CSR Centre for Excellence is a joint initiative of FICCI and the Aditya Birla Group. The center aims at development of inclusive and holistic CSR practices. This centre also organises the Businessworld FICCI CSR Award, an annual award aimed at identifying & recognising remarkable CSR initiatives.

Confederation of Micro, Small and Medium Enterprises (CMSME)

Confederation of Micro, Small and Medium Enterprises is an affiliated body of FICCI. It was established in December 2013. It aims to connect MSMEs with mentors, incubators & accelerators and assist them through capacity building programs & services; deliberate of policy concerns of the sector; and provide regular interface between Industry, Government and regulators. In terms of the scope of work, CMSME is similar to FICCI with the only differentiation being the exclusive focus on Micro, Small and Media enterprises in India.

CASCADE

FICCI Committee Against Smuggling and Counterfeiting Activities Destroying Economy (CASCADE) was launched on 18 January 2011 and aims to run consumer sensitisation drives on the impact of using smuggled, contraband and counterfeit products across India. The body is also engaged in capacity building of law enforcement agencies and research. It has estimated an annual tax loss to government of India due to smuggling and counterfeits at Rs 26,190 crore.

Technology Commercialisation

DRDO–FICCI Accelerated Technology Assessment and Commercialisation (ATAC) Programme

DRDO and FICCI started the ATAC programme in February 2009 with an objective to create commercial linkages for DRDO technologies for use in civilian products and services. The Explosives Detector Kit developed by DRDO is being commercialised under this initiative. Bio-toilets based upon the bio-digester technology developed by DRDO is another such technology being commercialised under the program. It is projected that DRDO will install 18000 bio-toilets across India in cooperation with various states, Union Territories, FICCI and Ganga Action Plan. Besides, over 10000 bio-digesters are being installed in passenger coaches of the Indian Rail.

Taskforces

* Aerospace and Air Defence Taskforce; Headed by Air Marshal M. Matheswaran (retd.), Indian Air Force. * International Migration and Diaspora Taskforce; Headed by Alwyn Didar Singh, former Indian civil servant. * Land Reforms and Policy Taskforce; Headed by R V Kanoria, Kanoria Chemicals * Edtech Taskforce; Headed by Divya Gokulnath.

Initiatives

Millennium Alliance

FICCI's Millennium alliance aims at supporting and scaling-up low-cost, innovative solutions. It is a joint initiative of FICCI, Department of Science & Technology, Government of India and the

United States Agency for International Development The United States Agency for International Development (USAID) is an independent agency of the U.S. federal government that is primarily responsible for administering civilian foreign aid and development assistance. With a budget of over $27 b ...

. It was launched during July 2012 as an inclusive platform for social impact funds, venture capitalists, corporate foundations, early investors, and donors to support and scale innovative solutions for base of the pyramid populations in India and around the world.

Invest India

Invest India is a public-private partnership between Government and FICCI. A joint venture between FICCI (51% equity), Department of Industrial Policy & Promotion (India) (34%) and State Governments of India (0.5% equity each), Invest India was given a clearance by the Indian cabinet during September 2009 to set up under Section 25 of the Companies Act, 1956. The initiative aims at speedy implementation of foreign investment projects in India and improving the climate for domestic investments.

Services

ATA Carnet

FICCI is India's sole national issuing & guaranteeing association for ATA Carnets ATA Carnets are used by TV / Film crews,

journalist A journalist is an individual that collects/gathers information in form of text, audio, or pictures, processes them into a news-worthy form, and disseminates it to the public. The act or process mainly done by the journalist is called journalis ...

engineer Engineers, as practitioners of engineering, are professionals who invent, design, analyze, build and test machines, complex systems, structures, gadgets and materials to fulfill functional objectives and requirements while considering the limit ...

s, musicians and industry for temporary moving equipment across borders. FICCI issues and endorses carnets, guarantees the payment of duties and taxes to customs (both domestic and foreign) authorities

Notable alumni

Uday Shankar Uday Shankar (8 December 1900 – 26 September 1977) was an Indian dancer and choreographer, best known for creating a fusion style of dance, adapting European theatrical techniques to Indian classical dance, imbued with elements of Indian cl ...

(2020–2021) * Dr Sangita Reddy (2019–2020) * Krishna Kumar Birla (1974–75) * Hari Shankar Singhania (1979–80) *

R. P. Goenka Rama Prasad Goenka (1 March 1930 – 14 April 2013) was the founder and chairman Emeritus of the RPG Group, a multi-sector Indian industrial conglomerate. Born in 1930, he was the eldest son of Keshav Prasad Goenka and grandson of Sir Badr ...

(1986–87) * Chirayu Amin (2000–01) * Rajeev Chandrasekhar (2007–08) * Rajan Mittal (2009–10) * Amit Mitra, noted economist and the current Finance Minister of the Indian state of

West Bengal West Bengal (, Bengali: ''Poshchim Bongo'', , abbr. WB) is a state in the eastern portion of India. It is situated along the Bay of Bengal, along with a population of over 91 million inhabitants within an area of . West Bengal is the fou ...

was Secretary General, FICCI during 1994–2011. *

Naina Lal Kidwai Naina Lal Kidwai (born 1957) is an Indian banker, chartered accountant and business executive. She was formerly a Group General Manager and the Country Head of HSBC India. She is also a former President of the Federation of Indian Chambers of C ...

is the Past President, FICCI. She is the first Indian woman to graduate from Harvard Business School. and currently is the Group General Manager and Country Head of HSBC India.

References

External links

Home page of FICCI

FICCI Blog

FICCI Official Video Channel on Veblr.com
{{DEFAULTSORT:Federation of Indian Chambers of Commerce and Industry 1927 establishments in India Trade associations based in India Chambers of commerce in India Ministry of Micro, Small and Medium Enterprises Non-profit organisations based in India Organisations based in Delhi Organizations established in 1927