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The FICCI full form is the Federation of Indian Chambers of Commerce & Industry. FICCI established itself in 1927 and has grown to become one of the largest and oldest apex business enterprises in India. FICCI is a non-governmental non-for-profit organisation that was introduced under the leadership of Mahatma Gandhi. The goal of the organisation is to promote and protect the interest of the business community in India. Moreover, the organization works with the government to create economic policy, and its headquarters are located in New Delhi, India.FICCI has a network of 100 chambers and associations across India.
FICCI Full Form: Functions
The main functions of the FICCI are as follows:
- Actively engage in the promotion and protection of business enterprises in India
- To bring changes in the government policies work as a pressure group
- Additionally, promote investments and international trade
- Work towards the sharing of knowledge and experience among members
- Be involved in joint ventures and collaborative arrangements between indian and international enterprises
FICCI Full Form: Initiatives
Some of the major initiatives of the FICCI are as follows:
- Organizing the largest consumer fair in India. That is, The India International Trade Fair (IITF)
- Involved in the Make in India campaign launched by the PM Narendra Modi. The goal is to make India into a global manufacturing hub.
- Creation of the FICCI Ladies Organisation (FLO). The FLO is the largest organization of women in India. It has a total of 12,000 women members.
- Similarly, the FICCI was responsible for the creation of the Federation of Indian Micro, Small, and Medium enterprises. It is the main body responsible for representing the micro, medium, and small businesses in India.
Also read: Biggest Startups in India that you Should Know About!
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