FICCI Full Form | What is the Full Form of FICCI
FICCI Full Form - Federation of Indian Chambers of Commerce and Industry
- FICCI stands for Federation of Indian Chambers of Commerce and Industry.
- It's the oldest and largest apex business in India.
- It's closely witnessed India's struggle for independence, its industrialization, and therefore the rapidly growing economy of India.
- FICCI was established in 1927 by G.D Birla and Purushottam Das Thakurdas on the advice of Gandhi.
- It's headquartered in New Delhi, India.
- As of August 2019, Mr. SandipSomany is that the president and, Uday Shankar is that the Sr. vice chairman of FICCI.
Federation of Indian Chambers of Commerce and Industry
- FICCI is an association of business organizations in India; membership is open up all Private and Public sector companies.
- It's a not-for-profit, non-government organization and may be a great support to India industry and business.
- It coordinates with policymakers and civil society and articulates the views and problems with industry.
- Furthermore, it provides a platform for networking and consensus building within and across sectors and is that the first port of involve the policy makers, Indian industry, and therefore the international businessmen.
- It also supports and funds the govt and non-government educational institutes in India.
Major Functions of FICCI
- It conducts economic research and promotes research project for the event of industry and commerce.
- It supports and promotes business and technical education.
- It is liable for publishing periodicals for the dissemination of data for the business community.
- It offers library facilities for its members.
- It works to enhance the competitive strength of Indian industry by providing advice and knowledge on quality improvement.
- It conducts seminars, organizes conferences, and workshops on important matters related to the business community.
- It organizes foreign trips of trade delegations to explore foreign investment and takes part within the negotiation of bilateral trade agreements.
- It also resolves disputes among member organizations through arbitration.