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

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.

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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.

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