The full form of FICCI is "Federation of Indian Chambers of Commerce and Industry". Federation of Indian Chambers of Commerce and Industry (FICCI) is an association of business organizations in India, headquartered in New Delhi, India. FICCI is one of the main organizations to fund and support many governments and non-government educational institutions. Now let's get to other general information about it. Federation of Indian Chambers of Commerce and Industry (FICCI) is an association of business organizations in India, as we mentioned above, established in the year 1927 by GD Birla and Purushottam Das Thakurdas on the advice of Mahatma Gandhi, it is the largest in India. , is the oldest and topmost trading organization. FICCI is the largest and oldest apex business organization in India. Its history is closely intertwined with India's struggle for independence, its industrialization, and its emergence as one of the fastest-growing global economies. FICCI provides a platform for networking and consensus-building across all sectors and is the first port of call for Indian industry, policymakers, and the international business community.
Major Functions of FICCI
FICCI stands for Federation of Indian Chambers of Commerce and Industry. In 1927 FICCI was founded by Purushottamdas Thakurdas, an organization on the works of Mahatma Gandhi, an organization collectively representing Indian business organization Ghanshyam Das Birla. After injecting its history with India's struggle for FICCI, India has emerged as the oldest and highest association of trade organizations. FICCI has a massive membership of around 3, 00,000 directly and indirectly including public and private sector companies, multinational companies, SMEs, and industry associations. The headquarter of FICCI is located in the national capital New Delhi. Being a non-government, non-profit organization, FICCI is continuously working as the voice of India's business organizations and industry. FICCI plays a vital role in the formulation of economic and finance policies, engaging with policymakers, government, and civil society. FICCI influences policies through articulating industry views and suggestions. Federation of Indian Chambers of Commerce and Industry, a federation of Indian trade associations, is dedicated to the growth of Indian businesses and promoting global competitiveness. Established in 1927, it is the oldest and largest business association in India, consisting of thousands of corporations, chambers of commerce, trade associations and other groups. Influences the economic policies of the Government of India by sponsoring discussion forums for economists, civil servants, and industrialists, and through informal consultation arrangements with government planners and policy makers. FICCI also provides practical advice and information, services and networking opportunities to its business members. It is headquartered in New Delhi and has offices in various Indian states and abroad.