Indian Chamber of Commerce

Indian Chamber of Commerce is a non-governmental trade association and advocacy group having its headquarter situated in Calcutta India. It is one of the oldest trade association in the country and it was founded in year 1925.

Indian Chamber of Commerce

Abbreviation	ICC
Formation	1925
Founder	Pioneering Indian Industrialists led by Ghanshyam Das Birla
Founded at	Kolkata
Purpose	Policy advocacy
Headquarters	Kolkata, India
Location	India
Region	India
Membership	2
Official language	English, Hindi
Website	https://www.indianchamber.org/

ICC's current president is Ameya Prabhu and Rajeev Singh is the current Director General.

ICC's main activities includes dispute resolution and policy advocacy.

History

 

The Indian Chamber of Commerce Headquarter in Kolkata, India

It was founded by pioneering Indian Industrialists based in Calcutta during British Raj, led by Ghanshyam Das Birla. They also have offices in New Delhi, Mumbai, Chennai, Guwahati, Bhubaneshwar, Bengaluru, Hyderabad, Agartala, Siliguri, Ranchi and Patna.^[1][2] It opened its first international office in Rome,Italy in 2023 appointing Vas Shenoy as its Chief Representative.^[3] The Chamber was also closely associated with the Indian Freedom Movement.^[1]

Several of the distinguished industry leaders in India have led the ICC as its president, names of few are mentioned:-^[4] 1926– 27 Founding President – Ghanshyam Das Birla (1926–27) – D. P. Khaitan(1930), Amritlal Ojha (1933–34), Brij Mohan Birla (1936), Ardeshir Dalal (1938), G. L. Mehta (1939) Sir Badridas Goenka (1941), R. L. Nopany (1942), Sir Abdul Halim Ghaznavi (1945), K. D. Jalan (1946), K. P. Goenka (1948), S. P. Jain (1950) Lakshmi Niwas Birla (1951), Sir B. P. Singh Roy (1952), Karamchand Thapar (1953), G. D. Binani (1954), R. H. Mody (1960), K. K. Birla (1963), I. M. Thapar (1967) R. P. Goenka (1970), R S Lodha (1984) J. N. Sapru (1988) to name a few.^[4]

Membership

The ICC offers two membership categories in the association:^[5]

1. The Corporate Group Membership
2. The Ordinary Membership

Services

Certificate of Origin

ICC issues non-preferential certificates of origin to both member and non-member companies. This is a document, used to certify that the export products are wholly obtained, produced or manufactured in India.

ICC Council of Arbitration

Indian Chamber of Commerce (ICC) dedicated to the mission of extending institutional service for the Alternative Dispute Resolution (ADR) of commercial disputes.

Allied Organizations

• Manipur Chamber of Commerce & Industry^[6]
• Tea Association of India.^[7]

Training and events

ICC organized National Conference & Round Table Meetings on MSME Financing & Strengthening MSME Linkages on 19 and 20 September 2014 at Swabhumi, Rangmanch, Kolkata .Objective of the Conference was to bring all stakeholders in a same platform & create linkages for fostering growth & development in this sector.^[8]

The North East Business Summit is a joint event of the Department of Development of the North Eastern Region (DoNER), Government of India, and the Indian Chamber of Commerce, to showcase the strengths of the Northeastern region and to present significant business opportunities^[9]

It provides the facility of inter-state movement of goods by offering registration of vehicles and construction of roads. Labour laws: It interacts with the government on issues of labour laws. It holds various exhibitions across the continent.^[10][11][12]

ICC organized "Reverse buyer seller meet, textile" meet to give global exposure to small players lacking the fund to go and invest outside the country.^[13][14]

ICC organized "Tea Conclave 2019" in which Tea Board Chairman P K Bezbaruahtea state that organized sector is facing the "biggest threat" from the combination of small growers and bought leaf factories (BLF), which are operating at a low cost level. also has been dealing with "inflexible" labour laws and demand-supply mismatch.^[15][16][17]

In an interactive session organized by ICC, Cuba and India ties to increase the two-way trade volume.^[18][19]

ICC's Environment Care conference focused on safe and sustainable environment for which state government is focused on CNG & fossil fuel.^[20] ICC with the department of State Food Processing Industries and Horticulture, organized "The Bangla Mango Utsav (Bengal Mango Festival)" held at the Netaji Indoor Stadium in Kolkata with the view to promote mango and mango products.^{[21][22][23][24]}

ICC with the department of State Food Processing Industries and Horticulture, organized "The Bangla Mango Utsav (Bengal Mango Festival)" held at the Netaji Indoor Stadium in Kolkata with the view to promote mango and mango products.^{[21][22][23][25]}

ICC with the cooperation of state governments has organized "Energy Conclave 2022 – Synergy in Energy" with the motive of development and consolidation of the energy sector.^[26]

ICC to improve high quality and equitable education organized a Edtech summit that focused benchmark of 1:15 teacher-student ratio to ensure imparting high quality education.^[27][28]

ICC's Tea Meeting expanded trade and commercial linkages between India  and  US.^[29][30]

ICC at the State Convention Centre, Shillong to conservation of water organized North East Water Conclave.^[31][32]

ICC with State Pollution Control Board, Odisha is organized the 3rd Edition of National Conference on "Climate Change Initiatives – "Alternative energy and mobility solution towards achieving Net Zero".^[33]

ICC hosted Business Conference to build Collaborations with Central Vietnam.^[34][35][36]

ICC to develop green hydrogen organize a conference with Danish companies.^[37]

Indian Chamber of Commerce (ICC) organized the Mutual Fund Conclave 2022–23 in Ranchi on Friday.^[38]

ICC Publications

ICC Publications is the publishing arm of the Indian Chamber of Commerce providing business with essential resources in three broad categories: ICC Business Directory,^[39] ICC Economique & ICC Asia Pacific Watch.^[40]

Business Information Services

ICC launched a Trade Facilitation Desk to facilitate trade & business between India and the rest of the world. The Desk would cater to enquiries both from the members and non-members of ICC and would act as the single window for business matchmaking.^[41]

Initiatives

Ladies Study Group

In 1966, the Indian Chamber of Commerce set up the Ladies Study Group (LSG), to create a platform that encourages women to mobilize their talents and help them participate in issues related to social development.^[42][43]

'Anandadhara' — West Bengal State Rural Livelihoods Mission

ICC through West Bengal State Rural Livelihoods Mission with active participation of the local panchayats, is promoting many poverty eradication initiatives in the rural areas, such as women empowerment schemes, sustainable agricultural initiatives, Swasthya Sathi (a health insurance) scheme, and West Bengal boasts of having the lowest NPA in the self-help groups (SHGs) portfolio in the country where eight lakh such units are operating.^{[44][45][46][47][48]}

India Energy Summit

The India Energy Summit is an annual and flagship initiative of ICC.^[49]

Corporate Governance and Sustainability Vision Awards

ICC organizes the India Corporate Governance & Sustainability Vision Summit every year to recognize and honor their enormous endeavor towards creating a Sustainable development model for the society at large, to various Indian businesses.^[50]

PSE Excellence Awards

Indian Chamber of Commerce, since 2010, to acknowledge the game changers who have contributed immensely in shaping up the Indian economy and congratulate them for their contribution under two sections – Maharatnas & Navratnas and Miniratnas & Others.^[51]

Green Urja And Energy Efficiency Awards

Indian Chamber of Commerce has come up with The Green Urja and Energy Efficiency Awards with an aim to have accelerated deployment for clean energy transition to contribute to "Clean Energy Transition for Sustainability and GHG Emission Reduction.^[52]

ICC Calcutta Foundation

The Foundation, which is the Chambers trust body was formed with the objective of promoting the well-being of Calcutta and in that context, funds various projects to bring about a change in the quality of urban life.^[53]

See also

• Federation of Indian Chambers of Commerce & Industry

References

1. "The Indian Chamber of Commerce". Indian Chamber of Commerce. Retrieved 27 August 2022.
2. "Indian Chamber of Commerce opens Tamil Nadu state office". The Hindu. 25 August 2022. Retrieved 27 August 2022.
3. https://economictimes.indiatimes.com/news/economy/foreign-trade/icc-focuses-on-india-italy-bilateral-trade-appoints-vas-shenoy-as-its-chief-representative-in-italy/articleshow/105791462.cms
4. "Past Presidents". Indian Chamber of Commerce. Retrieved 27 August 2022.
5. "Membership". Indian Chamber of Commerce. Retrieved 21 October 2022.
6. "About MCCI – MCCI". Retrieved 28 October 2022.
7. "Tea Association of India". teaassociationofindia.com. Retrieved 24 October 2022.
8. "MSME Linkage". Indian Chamber of Commerce. Retrieved 21 October 2022.
9. "North East Business Summit". Indian Chamber of Commerce. Retrieved 21 October 2022.
10. "Indian Chamber of Commerce organizes second edition of 'EDTECH Summit'". uniindia.com. 11 August 2022.
11. "Modi to tap Bengal business". www.telegraphindia.com. Retrieved 27 August 2022.
12. Munshi, Suman (26 May 2022). "ICC India Bangladesh Trade Delegate meet at Kolkata". Retrieved 27 August 2022.
13. Himatsingka, Anuradha. "Bengal is gearing up for the reverse buyer seller meet on textiles, apparel & jute". The Economic Times. Retrieved 26 September 2022.
14. "Bengal is gearing up for the reverse buyer seller meet on textiles, apparel & jute". 29 November 2019.
15. "Biggest threat from small growers, BLF: Tea Board chairman". Business Standard India. Press Trust of India. 8 November 2019. Retrieved 27 September 2022.
16. "लघु उत्पादकों, बीएलएफ से सबसे बड़ा खतरा: चाय बोर्ड के अध्यक्ष". Navbharat Times (in Hindi). Retrieved 27 September 2022.
17. "लघु उत्पादकों, बीएलएफ से सबसे बड़ा खतरा: चाय बोर्ड के अध्यक्ष". punjabkesari. 9 November 2019. Retrieved 27 September 2022.
18. "Cuba seeks improved bilateral economic ties with India". The Economic Times. Retrieved 27 September 2022.
19. "Cuba seeks improved bilateral economic ties with India". The Week. Retrieved 27 September 2022.
20. "Mayor Firhad Hakim mentions focus of the State Government on Electric Vehicles and CNG during Urbanization & Environment Care conference organized by Indian Chamber of Commerce (ICC)". Media Bulletins. 6 April 2022. Retrieved 27 September 2022.
21. "মালদহের আট রকমের আম মিলছে এবার কলকাতার আম মেলায়". News18 Bengali (in Bengali). 23 June 2022. Retrieved 27 September 2022.
22. "कोलकाता में शुरू हुआ बंगाल मैंगो उत्सव, 500 रुपये में बिक रहा एक पीस नवाबी कोहिनूर". Dainik Jagran (in Hindi). Retrieved 27 September 2022.
23. MP, Team (24 June 2022). "State plans to set up mango museum in Murshidabad". Millennium Post. Retrieved 27 September 2022.
24. "In pictures: Mango Utsav 2022 begins at Netaji Indoor Stadium". www.telegraphindia.com. Retrieved 27 September 2022.
25. "In pictures: Mango Utsav 2022 begins at Netaji Indoor Stadium". www.telegraphindia.com. Retrieved 27 September 2022.
26. "Indian Chamber of Commerce organises one of the biggest conclaves of the year – 'Energy Conclave 2022 – Synergy in Energy' in Kolkata – Business News Week". 18 July 2022. Retrieved 27 September 2022.
27. PTI (11 August 2022). "Sahasrabuddhe stresses on affordable high quality education". ThePrint. Retrieved 1 October 2022.
28. "सहस्त्रबुद्धे ने उच्च गुणवत्ता की किफायती शिक्षा पर जोर दिया". Navbharat Times (in Hindi). Retrieved 1 October 2022.
29. "ICC organize an interactive session with US businessman". 24 August 2022.
30. "Building a Sustainable Tomorrow – Indian Chamber of Commerce holds Exclusive Talk at Bengal Club". Financial Samachar. 23 August 2022. Retrieved 4 October 2022.
31. "ICC conducts North East Water Conclave in Shillong". The Meghalayan. 26 August 2022. Retrieved 4 October 2022.
32. North East Water Conclave held to discuss water related issues #NorthEastWaterConclave, retrieved 4 October 2022
33. "National Conference on "Climate Change Initiatives – "Alternative energy and mobility solution towards achieving Net Zero" by ICC". Odisha News Today. Retrieved 4 October 2022.
34. Service, Statesman News (12 September 2022). "ICC hosted Business Conference to build Collaborations with Central Vietnam". The Statesman. Retrieved 4 October 2022.
35. "ICC ने वियतनाम के साथ बिजनेस कोलैबोरेशन बनाने के लिए की बिजनेस कॉन्फ्रेंस मेजबानी". ETV Bharat News. Retrieved 4 October 2022.
36. "Indian Chamber of Commerce hosted Business Conference to build Business Collaborations with Central Vietnam". Financial Samachar. 12 September 2022. Retrieved 4 October 2022.
37. "Indian Chamber of Commerce organises Interactive Session with H.E. Mr. Freddy Svane". Media Bulletins. 19 September 2022. Retrieved 4 October 2022.
38. Pioneer, The. "Indian Chamber of Commerce organises Mutual Funds Conclave". The Pioneer. Retrieved 5 October 2022.
39. "Indian Chamber of Commerce Initiative: B2B Networking eDirectory". Indian Chamber of Commerce Initiative: B2B Networking eDirectory. Retrieved 22 October 2022.
40. "ICC Publications | Indian Chamber of Commerce (ICC)". ICC. Retrieved 22 October 2022.
41. "Business Information Services". Indian Chamber of Commerce. Retrieved 24 October 2022.
42. "Ladies Study Group (LSG) – Light the flame of Knowledge – Just another WordPress site". Retrieved 24 October 2022.
43. "Ladies Study Group". Indian Chamber of Commerce. Retrieved 24 October 2022.
44. "ANANDADHARA". wbprd.gov.in. Retrieved 24 October 2022.
45. MP, Team (27 September 2022). "TET to be held in Dec for over 11K vacant seats". www.millenniumpost.in. Retrieved 27 September 2022.
46. "Bengal has lowest NPA in SHG portfolio: official | National". Devdiscourse. Retrieved 27 September 2022.
47. "Bengal has lowest NPA in SHG portfolio: official". Business Standard India. Press Trust of India. 30 November 2019. Retrieved 27 September 2022.
48. "Bengal has lowest NPA in SHG portfolio: Official". Moneycontrol. Retrieved 27 September 2022.
49. "Excellence Awards". Indian Chamber of Commerce. Retrieved 21 October 2022.
50. "Corporate Governance Awards". Indian Chamber of Commerce. Retrieved 24 October 2022.
51. "PSE Excellence Awards". Indian Chamber of Commerce. Retrieved 24 October 2022.
52. "ICC Green Urja & Energy Efficiency Awards". Retrieved 24 October 2022.
53. "Calcutta Foundation". Calcutta Foundation. Retrieved 22 October 2022.

External links

• ICC Official Website