FICCI Full Form

FICCI stands for the Federation of Indian Chambers of Commerce and Industry. It is an association of Indian business people and is India’s sole national ATA Carnet issuer. For a complete list of its services and members, visit its website. You can also search through its extensive database for complete forms and names.

Federation of Indian Chambers of Commerce and Industry

The Federation of Indian Chambers of Commerce and Industry is a non-governmental trade association and advocacy group. The organization works to promote and protect the interests of Indian companies. The association also focuses on the growth and development of small and medium businesses in India. The organization was founded in 1949.

The mission of the FICCI is to influence the policies and practices of the government to help businesses thrive and flourish in India. The organization focuses on policy reform and is closely connected with government agencies and business associations across India. The organization also works to promote economic growth, energy conservation, disaster management, and women’s empowerment.

FICCI is a non-profit organization

FICCI is an apex business organization in India, representing the country’s most prominent business houses. Founded in 1927, the organization has a long history closely intertwined with the nation’s struggle for independence and industrialization. The association is a leading voice in the Indian business community, interacting with policymakers and forming opinions on issues that concern business. The organization has over two million members in over 100 cities, including over 250,000 companies and regional chambers of commerce.

The FICCI website has a tab titled “Membership” that details how to join. There are different membership types, including corporate, governmental, and SMEs. Once you find the type of membership, you’d like to join, fill out the registration form. Then, you’ll be contacted by the organization to complete the process.

It is a business association.

FICCI is an association for the Indian business community. Its members come from different sectors. Its Executive Committee consists of crucial business innovators, employment providers, and wealth creators. FICCI also has a multidisciplinary Secretariat consisting of economists, lawyers, and IT experts. These individuals guide the business community on issues ranging from market access to quality.

FICCI was founded in 1927 at the request of Mahatma Gandhi. Its members now include thousands of businesses in the country. It is a non-profit organization that engages in policy advocacy with the government, formulates industry-specific opinions, and promotes business growth in India. It is headquartered in New Delhi and has offices in several foreign countries.

It is India’s sole national issuing and ensuring relationship for ATA Carnets.

The ATA Carnet is a worldwide legal document identifying an item’s origin and destination. It is issued by a national organization recognized by the ICC World Chambers Federation and 78 other countries. Many industries in India benefit from using ATA Carnets, including the film and TV industries.

ATA Carnets applies to three broad categories of merchandise: commercial samples, professional equipment, and goods for exhibitions and fairs. There are some exceptions, however, including perishable items. Ultimately, this system enables the the movement of almost all kinds of goods, including those that cannot be stored or used immediately.

It facilitates policymakers.

The complete form of FICCI is the Federation of Indian Chambers of Commerce and Industry, established in 1927 and the most prestigious business organization in India. It is a non-profit organization whose membership is open to private, public, and small and medium enterprises. Its membership includes over 2.5 lakh direct and indirect members drawn from various regional chambers of commerce. The organization also supports various educational institutes and conducts research and economic studies. It also runs various events, including seminars, workshops, and conferences.

The FICCI’s mission is to connect India’s business community with decision-makers and ordinary people. It aims to highlight the country’s business industry to the world and infuse it with new capabilities that will lead to increased prosperity. It aims to be the foremost organization for evaluating international business opportunities for the Indian industry and continues developing new strategies to access new markets.

It funds educational institutes.

As the government aims to curb the brain drain, it urges the private sector to increase its investment in the education sector. The government has been promoting India as an education hub and is targeting a higher education gross enrolment ratio of 50%. The FICCI has proposed a plan to allow private educational institutes to borrow from HEFA, which is currently catering to the needs of state-owned institutions.

The higher education system generates a large surplus every year. In India, this surplus is estimated to be around Rs 15,000 crore annually. These surplus funds are invested in infrastructure investment trusts, alternative funds, and real estate.