ASSOCHAM

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) is one of the apex trade associations of India. The organisation represents the interests of trade and commerce in India, and acts as an interface between issues and initiatives. The goal of this organisation is to promote both domestic and international trade, and reduce trade barriers while fostering conducive environment for the growth of trade and industry of India.[2]

ASSOCHAM
Non-governmental trade association
Founded1920 (1920)
Headquarters
New Delhi
,
India
Number of locations
3 (Ahmedabad, Bengaluru, Kolkata)
Key people
Niranjan Hiranandani
(President)[1]
Members450,000
Websitewww.assocham.org

Background

ASSOCHAM was established in 1920 by promoter chambers, representing all regions of India. The Association's head office is located in New Delhi and regional offices are located in the cities of Ahmedabad, Bengaluru, Ranchi, Jammu, Chandigarh and Kolkata. As of 2019, ASSOCHAM covers a membership of over 4.5 lakh companies and professionals across the country.[3]

ASSOCHAM members represent the following sectors:

  • Trade (national and international)
  • Industry (domestic and international)
  • Professionals (e.g., CAs, CMAs, lawyers, consultants)

Committees

ASSOCHAM operates 59 Expert Committees, 10 state councils and 11 International Councils that provide an interactive platform to members for interaction and aid formulating policy recommendations to facilitate economic, industrial and social growth. The association has a special role in promoting international trade, and often hosts international trade delegates to India, along with sending delegations of Indian business groups to foreign locations. It also interacts with international counterpart organisations to promote bilateral economic issues. ASSOCHAM is a member of the International Chamber of Commerce, the World Business Organisation, through ICC, India.

ASSOCHAM is authorised by the Government of India to issue Certificates of Origin, certify commercial invoices, and recommend business visa.

References
  1. "bod".
  2. "Welspun Group Chairman Balkrishan Goenka is new Assocham president". The Economic Times. 17 October 2018. Retrieved 7 January 2019.
  3. "UP fourth on foreign tourist arrival in India: Assocham". Times of India. 26 September 2013.
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