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Read Time:2 Minute, 54 Second
  • Money & Banking

FICCI – Meaning , Functions , Services and its advantages

On 5 years Ago
Lawrence
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FICCI means Federation of Indian Chambers of Commerce and Industry. In 1927 on the articulation of Mahathma Gandhi to possess a corporation that collectively represents the Indian business entities Ghanshyam Das Birla along side Purshottamdas Thakurdas has established FICCI.Having its history interwoven with India’s struggle for independence FICCI has emerged because the India’s oldest and apex association of business . Federation of Indian Chambers of Commerce and Industry features a huge membership about 3,00,000 directly and indirectly including Public and personal sector companies, MNCs, SMEs and Industry Associations. FICCI’s headquarters are located in capital New Delhi .

Being a non-government, non-profit organization, Federation of Indian Chambers of Commerce and Industry stands because the voice of India’s business organizations and industry

1.Role in policy making:

FICCI plays a pivotal role in formulation of economic and finance policies. By engaging with the policy makers, government and civil society Federation of Indian Chambers of Commerce and Industry influences the policies by way of articulating the views and suggestions of industry.

2 Jointly works with similar associations of foreign countries:

Works with joint business councils and personal industrial alliances situated across the world within the areas of trade enhancements, industry partnerships to voice the opinion of the Indian industry on global forum.

3 Provides guidance and education:

Provides guidance and education to its member organizations by way of publishing informative journals useful to the businessmen . And acts a conflict resolver among them by way of mutual discussion on the issues .

4 Conducts various programs and events:

Conducts workshops, seminars, business meets and conferences to debate , debate various upcoming and existed policies of the govt .

5 Assistance to government:

Assist the govt within the areas of the trade negotiations with foreign countries and sends their experienced personnel to the abroad to review the economy and business environment.

6 Assists its members:

Assist its members within the areas of policy improvement, suggestions to the management.

7 Provides information on exports:

Provides credible and valuable information on potentials and new developments in foreign trade by studying the trade environment and imports regulations of the many foreign countries.

8 Invites and arrange the talks with foreign business delegates:

Plays crucial role in inviting foreign business delegations of public and personal levels which are very vital in improving the foreign trade and foreign investment.

Membership:

Federation of Indian Chambers of Commerce and Industry’s membership is hospitable all the business organizations regardless of public or private, small or big, service or manufacturing. Currently Federation of Indian Chambers of Commerce and Industry has quite three lakh members joining from various industries directly and indirectly. One can become a member using https://ficci.in/become-a-member.asp

Benefits to the member organizations:

Member organizations can participate in Exhibitions, Trade Fairs, Conferences, Seminars and workshops conducted by Federation of Indian Chambers of Commerce and Industry.

They can access FICCI’s information library like reports on various policy researches, knowledge papers and periodical journals.

Members can participate in formulating economic & industrial policies through close linkage with the govt .

As a member of the massive business networking community one can work with other players within the industry to realize the utmost results.

Services offered by FICCI:

FICCI offers following services:

Arbitration

Business to business (B2B) solutions

Technology commercialization

Management and conservation of resources

Initiate actions to market entrepreneurship and professional excellence in women trough FICCI Ladies organization

Water audit service

Consumer care

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