The Associated Chambers of Commerce and Industry of India () is a Non-governmental organization, non-governmental

trade association A trade association, also known as an industry trade group, business association, sector association or industry body, is an organization founded and funded by businesses that operate in a specific industry. An industry trade association partic ...

and advocacy group based in

New Delhi, India New Delhi (, , ''Naī Dillī'') is the capital of India and a part of the National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the government of India, hosting the Rashtrapati Bhavan, Parliament House, ...

. The organisation represents the interests of trade and commerce in India, and acts as an interface between issues and initiatives. The goal of this organisation is to promote both domestic and

international trade International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (see: World economy) In most countries, such trade represents a significant ...

, and reduce

trade barriers Trade barriers are government-induced restrictions on international trade. According to the theory of comparative advantage, trade barriers are detrimental to the world economy and decrease overall economic efficiency. Most trade barriers work ...

while fostering conducive environment for the growth of trade and industry of India.

Background

ASSOCHAM was established in 1920 by a group of chambers of commerce led by the Calcutta Traders Association. The Association's head office is located in

New Delhi New Delhi (, , ''Naī Dillī'') is the capital of India and a part of the National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the government of India, hosting the Rashtrapati Bhavan, Parliament Ho ...

and regional offices are located in the cities of Ahmedabad, Bengaluru, Ranchi, Jammu, Chandigarh and

Kolkata Kolkata (, or , ; also known as Calcutta , the official name until 2001) is the capital of the Indian state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, comme ...

. , ASSOCHAM covers a membership of over 4.5 lakh companies and professionals across the country. ASSOCHAM members represent the following sectors: * Trade (national and international) * Industry (domestic and international) * Professionals (e.g., CAs, CSs, CMAs, lawyers, consultants) The association has appointed Vineet Agar, the managing director of Transport Corporation of India, as its new president to replace Niranjan Hiranandani in 2021. In 2021 the association held a virtual summit by the name of Xelerate North, where the Himachal Pradesh Industries Minister Bikram Singh and others were invited to discuss industry issues.

Committees

ASSOCHAM operates 59 Expert Committees, 10 state councils and 11 International Councils that provide an interactive platform to members for interaction and aid formulating policy recommendations to facilitate economic, industrial and social growth. The association has a special role in promoting international trade, and often hosts international trade delegates to India, along with sending delegations of Indian business groups to foreign locations. It also interacts with international counterpart organisations to promote bilateral economic issues. ASSOCHAM is a member of the

International Chamber of Commerce The International Chamber of Commerce (ICC; French: ''Chambre de commerce internationale'') is the largest, most representative business organization in the world. Its over 45 million members in over 100 countries have interests spanning every sec ...

, the World Business Organisation, through ICC, India. ASSOCHAM is authorised by the Government of India to issue Certificates of Origin, certify commercial invoices, and recommend business visa.

References

External links

Official website
{{DEFAULTSORT:ASSOCHAM 1920 establishments in India Trade associations based in India Chambers of commerce in India Ministry of Micro, Small and Medium Enterprises Non-profit organisations based in India Organisations based in Delhi Organizations established in 1920