Role of Champers of Commerce and Industry Associations
The Chamber of Commerce and Industry is an association of business and industrial houses like merchants, financiers, manufacturers, etc. in a locality, region, or state. The main objective of these associations is to promote and protect the interest and goals of Indian commerce and industry. These associations are non-profit making organisation and its members are institutional members.
1. They act as national guardians of trade, commerce and industry.
2. They act as a catalyst in strengthening the internal trade of the country.
3. Interact with Government with regard to formulation and implementation of related policies.
a. Federation of Indian Chambers of Commerce and Industry (FICCI), New Delhi.
b. Associated Chamber of Commerce and Industry (ASSOCHAM)
c. Confederation of Indian Industry (CII)
d. Madras Chamber of Commerce, Chennai.
e. Tamil Nadu Traders Associations.
i. Transportation or inter-state movement of goods
The Chambers facilitate registration of vehicles, surface transport policies, construction of highways and roads in promoting interstate movement of goods.
ii. Harmonisation CGST and SGST structure
iii. Marketing of agro products and related issues
The associations of agriculturists and other federations interact with farming cooperatives to streamline local subsidies and formulate marketing policies for selling agro products.
iv. Weights and measures and prevention of duplication of brands
They help the Government in formulation and implementation of uniform policies in weights and measures and prevention of duplication of brands.
v. Promoting sound infrastructure
They interact with Government to construct roads, ports, electricity, railways, etc
vi. Labour legislation
They interact with the Government on regular basis and the issues related to labour laws, retrenchments, compensation, etc. so that the industry can run efficiently, generate employment and achieve maximum productivity.