Federation of Indian Chambers of Commerce & Industry

Federation of Indian Chambers of Commerce & Industry
FICCI Logo
Abbreviation FICCI
Formation 1927 (1927)
Founder Ghanshyam Das Birla, Purushottam das Thakurdas
Type Non-governmental trade association
Focus Policy advocacy
Headquarters New Delhi, India
Coordinates 28°37′38″N 77°13′54″E / 28.62722°N 77.23167°E / 28.62722; 77.23167Coordinates: 28°37′38″N 77°13′54″E / 28.62722°N 77.23167°E / 28.62722; 77.23167
Area served
Worldwide
Services Business promotion, networking, policy reforms
Members
over 250,000 companies[1]
Key people
 Rashesh Shah[2] (President)
Dilip Chenoy
(Secretary General)
Employees
500[3]
Website ficci.in

The Federation of Indian Chambers of Commerce and Industry (FICCI) is an association of business organisations in India. Established in 1927, on the advice of Mahatma Gandhi by GD Birla and Purushottam Das Thakurdas, it is the largest, oldest and the apex business organisation in India.[1] 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. The chamber has an indirect membership of over 250,000 companies from various regional chambers of commerce. It is involved in sector specific business polus building, and business promotion and networking. It is headquartered in the national capital New Delhi and has presence in 12 states in India and 8 countries across the world.[4]

Services

ATA Carnet

FICCI is India's sole national issuing & guaranteeing association for ATA Carnets[5] ATA Carnets are used by TV / Film crews, journalists, engineers, 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[6]

Allied Organisations

Confederation of Indian Food Trade and Industry

Confederation of Indian Food Trade and Industry (CIFTI) caters to Indian food Industry. It deals with policies, trade affairs and capacity building.[7] 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 Mr. Sanjay Khajuria who serves as its president.[8]

Arbitration and Conciliation Tribunal

FICCI Arbitration and Conciliation Tribunal (FACT) provides arbitration services for settling commercial disputes. FACT was established in 1952[9] and aims at settling business disputes outside the traditional framework offered by courts of law through arbitration and conciliation, as the case may be.[10]

Alliance for Consumer Care

FICCI Alliance for Consumer Care (FACC) is a dedicated centre set up by FICCI along with Department of Consumer Affairs, Government of India to enhance consumer care practices and facilitate stakeholder interaction.[11] It facilitates prompt redressal of consumer grievances, a dialogue between the business and consumers and promotion of responsible business practices.[12]

Ladies Organisation

FICCI Ladies Organisation was established in 1983 to promote entrepreneurship and professional excellence among women in India.[13]

Aditya Birla CSR Centre for Excellence

Aditya Birla CSR Centre for Excellence is a joint initiative of FICCI and the Aditya Birla Group. The centre aims at development of inclusive and holistic CSR practices.[14] This centre also organises the Businessworld FICCI CSR Award, an annual award aimed at identifying & recognising remarkable CSR initiatives.[15]

Confederation of Micro, Small and Medium Enterprises (CMSME)

Confederation of Micro, Small and Medium Enterprises is an affiliate body of FICCI. It was established in December 2013.[16] 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.[17] 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.[18]

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.[19][20] 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.[21]

Initiatives

Millennium Alliance

FICCI's Millennium alliance aims at supporting and scaling-up low-cost, innovative solutions.[22] It is a joint initiative of FICCI, Department of Science & Technology, Government of India and the United States Agency for International Development.[23] 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.[24]

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),[25] Invest India was given a clearance by the Indian cabinet during September 2009 to set up under Section 25 of the Companies Act, 1956.[26] The initiative aims at speedy implementation of foreign investment projects in India and improving the climate for domestic investments.[27]

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.[28][29] The Explosives Detector Kit developed by DRDO is being commercialised under this initiative.[30] Bio-toilets based upon the bio-digester technology developed by DRDO is another such technology being commercialised under the program.[31] 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.[32]

Notable alumni

Some prominent business leaders from India that led FICCI as President include Krishna Kumar Birla (1974–75)[33] Hari Shankar Singhania (1979–80)[34] R. P. Goenka (1986–87)[35] Chirayu Amin (2000–01)[36] A C Muthiah (2002–03)[37] Habil Khorakiwala (2006–07)[38] Rajeev Chandrasekhar (2007–08)[39] Rajan Mittal (2009–10)[40]

Amit Mitra, noted economist and the current Finance Minister of the Indian state of West Bengal was Secretary General, FICCI during 1994–2011.[41] Dr Rajiv Kumar replaced him during 2011.[42] He relinquished his position on 23 October 2012[43] making way for Dr A Didar Singh, who took charge in November 2012.

Naina Lal Kidwai is the Past President, FICCI.[44] She is the first Indian woman to graduate from Harvard Business School.[45] and currently is the Group General Manager and Country Head of HSBC India.

See also

References

  1. 1 2 About FICCI
  2. ↑ "Rashesh Shah takes over as Ficci President". Hindustan Times. 14 December 2017. Retrieved 19 January 2018.
  3. ↑ FICCI Profile on LinkedIn
  4. ↑ Office Locations and Contact details
  5. ↑ About ATA Carnet
  6. ↑ Administration of the ATA Carnet System
  7. ↑ Confederation of Indian Food Trade and Industry
  8. ↑ About CIFTI
  9. ↑ FACT Overview, FICCI
  10. ↑ FICCI Arbitration and Conciliation Tribunal
  11. ↑ FACC Overview
  12. ↑ Consumer Complaints Redressal
  13. ↑ FICCI Ladies Organisation
  14. ↑ Allied Organisations:FICCI
  15. ↑ SRF Ltd bags the 12th Businessworld FICCI CSR Award 2011-12
  16. ↑ MSMEs have innate capability to align with the global value chain: Sanjay Bhatia
  17. ↑ About FICCI CMSME
  18. ↑ Confederation of Micro, Small & Medium Enterprises launched
  19. ↑ About FICCI CASCADE
  20. ↑ Fight against counterfeiting and smuggling, FICCI-CASCADE host’s seminar
  21. ↑ FICCI-CASCADE campaign on consumer rights
  22. ↑ Millennium Alliance
  23. ↑ Millennium Alliance
  24. ↑ USAID-FICCI Millennium Alliance launched to fund innovators
  25. ↑ Invest India
  26. ↑ Invest India on frontfoot to attract more FDI
  27. ↑ Ficci eyes FDI with Invest India
  28. ↑ DRDO–FICCI ATAC Programme
  29. ↑ About DRDO–FICCI ATAC Programme
  30. ↑ DRDO could sell its explosive detector in US
  31. ↑ DRDO Tech for Societal Benefits: Bio-Toilets Inaugurated
  32. ↑ DRDO unveils complex based on bio-digester tech
  33. ↑ KK Birla a noted public figure: PM
  34. ↑ Hari Shankar Singhania, leading industrialist, passes away at 79
  35. ↑ RP Goenka, the country's 'takeover specialist'
  36. ↑ FICCI wants flexible labour laws
  37. ↑ Muthiah takes over as Ficci president
  38. ↑ Ficci appoints Habil Khorakiwala as new President
  39. ↑ Rajeev Chandrasekhar sworn in as Ficci president
  40. ↑ Rajan Bharti Mittal is new FICCI president
  41. ↑ "Mitra says goodbye to Ficci". The Telegraph, Calcutta, India. 2011-05-19. Retrieved 2013-05-08.
  42. ↑ Rajiv Kumar quits Ficci
  43. ↑ Rajiv Kumar – Secretary General
  44. ↑ Naina Lal Kidwai is the Immediate Past President of FICCI
  45. ↑ Naina Lal Kidwai Contributing to India's Progress
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