A chamber
of commerce (or board of trade) is a form of business network, for example, a local organization of businesses whose goal is to further the interests of businesses. Business owners in towns and cities form these local societies to
advocate on behalf of the business
community. Local businesses are members,
and they elect a board of directors or executive council to set policy for the
chamber. The board or council then hires a President, CEO or Executive
Director, plus staffing appropriate to size, to run the organization.
The first chamber of commerce was founded in 1599 in Marseille,
France. Another official chamber of
commerce would follow 65 years later, probably in Bruges, then part of the Spanish Netherlands
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)
(iii) 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
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