What is the Role of Chambers of Commerce?

Chambers of commerce plays a vital role by rendering useful services to businessmen and the Government. Services to businessmen

Chambers of commerce serves as friends, philosophers and guides to the business commu­nity. Businessmen derive the following advantages from chambers of commerce:

(i) Businessmen get valuable information free of cost.

(ii) They can expand their business activities with the help of suggestions and advice from chambers of commerce.

(iii) Chambers of commerce creates markets for the products of their members by organising fairs and exhibitions.

(iv) Businessmen get a common forum at which they can discuss problems and exchange views on matters of common interest.

(v) Differences and disputes among businessmen can be solved amicably and economically with the help of chambers of commerce.

(vi) Members take advantage of educational and training facilities offered by chambers of commerce.

(vii) Chambers of commerce undertakes research on behalf of their members.

(viii) Chambers of commerce fosters a sense of cooperation's among businessmen.

Chambers of Commerce in India

In India, chambers of commerce have been organised at both regional and national levels.

1. Regional Chambers of Commerce

(i) Indian Chamber of Commerce (Kolkata)

(ii) Bengal Chamber of Commerce (Kolkata)

(iii) Indian Merchants Chamber (Mumbai)

(iv) Mawari Chamber of Commerce (Mumbai)

(v) Madras Chamber of Commerce (Chennai)

(vi) Punjab, Haryana and Delhi Chamber of Commerce (New Delhi).

2. National Chambers of Commerce

(i) Federation of Indian Chambers of Commerce and Industry (FICCI)

(ii) Confederation of Indian Industry (CII)

(Hi) Associated Chambers of Commerce and Industry (ASSOCHAM)

(iv) All India Organisations of Employers (AIOE)

FICCI:

The Federation of Indian Chambers of Commerce and Industry (FICCI) were estab­lished in 1926 in New Delhi as an apex central body of businessmen in India. It consists of both individual and corporate members.

Its membership consists of 50 chambers of commerce and trade associations, 200 overseas members, and 1500 associate members. Its management is vested in an executive committee. FICCI acts as a representative body of Indian business.