Chambers of Commerce:
Chambers of commerce is voluntary associations of persons connected with commerce and industry. Their membership consists of merchants, brokers, bankers, industrialists, financiers etc.
Chambers of commerce is formed in the same way as associations, with the ultimate objective of promoting and protecting the interests of business community. But they differ from trade associations in that they do not confine their interests only to a particular trade or industry; but stand for the business community in a particular region, country, or even the world, as a whole.
Chambers of commerce act as spokesmen of business community and make suggestions to the government regarding legislations that will foster trade and industry. The constitution and composition of chambers of commerce vary from country to country. In most of the countries, they are voluntarily organised by businessmen; though the government maintains close contacts with them.
Membership in an individual chamber can range from a few dozen to well over 800,000, as is the case with the Paris Île-de-France Regional Chamber of Commerce and Industry. Some chamber organizations in China report even larger membership numbers. Chambers of commerce can range in scope from individual neighborhoods within a city or town up to an international chamber of commerce.
The Indian Chamber of Commerce, or ICC as it is popularly known, is the premier body of business and industry in Eastern and North-Eastern India facilitating Business Since 1925. The membership of the Chamber comprises several of the largest corporate groups in the country, with business operations all over the country and abroad. Set up by a group of pioneering industrialists led by Mr G D Birla, the Indian Chamber was closely associated with the Indian Freedom.
The Bengal Chamber of Commerce and Industry was set up in 1853. However, the Chamber's origins date back to 1833 when its founding forefathers came together to form the first association of its kind in the country, which was later formalized as the Bengal Chamber. For the last one and a half centuries, the Chamber has played a pioneering role as a helmsman, steering the evolution of Commerce and Industry in India.
Calcutta Chamber of Commerce
In 1830 some traders and craftsmen of Calcutta organised themselves to form the Calcutta Trades Association which was a new kind of commercial organization, the first of its kind, not only in the country, but also in the far East. The records of the Association show that the idea of business assembly was first mooted at a meeting held on the 5th July, 1830 attended by about 200 traders of Calcutta and Calcutta Traders Association was born under the aegis of Mr Samuel Smith who assumed the post of the president.
Bharat Chamber of Commerce (inception in the year 1900) Towards the end of Nineteenth Century, to strengthen the hands of the nascent Indian enterprise and consolidate the voice, of the traders of Burrabazar, the “Marwari Chamber of Commerce” was established at Calcutta. The Membership of the Chamber was, however, not confined to Marwaris only and Indian businessmen from all over Calcutta continued to join its membership and enjoy its support.
One of the important activities of the Chamber during the formative stage was arbitration to resolve disputes.
From its inception in the year 1900, the Chamber has taken active interest not only in the areas of direct interest for trade and industry, but also in several walks of public life of this country. The Government of the day referred many important questions to the Chamber for its opinion since inception.
The Chamber has all along attempted to improve business methods and practices on better standard and codes, and a very large number of businessmen having diverse interest have always looked to the Chamber for advice and guidance. Before independence, there were only a handful of organizations in the country to offer these services fearlessly and the Chamber excelled in this regard. The large volume of activities of the Chamber, particularly in the forties, outlined in this document is the evidence of the Chamber’s concern not only in the welfare and well being of its members, but also on the social issues during war, famine or political atrocities. Since independence, the Chamber has always tried to stand by the national Governments at the Centre and in the State, in their efforts to build up the economy of the country on the ideals of a Welfare Society.
Objectives of Chamber of Commerce
Chambers of commerce seeks to achieve the following objectives:
i. To protect the interests of business community as a whole.
ii. To develop a sense of cooperation among their members.
iii. To collect and supply useful information to the members.
iv. To advise the Government on matter relating to trade, commerce and industry.
v. To consult the Central and State Governments on matters relating to trade, commerce and industry.
vi. To assist the Government in making budget by expressing views on different sectors of the country's economy.
vii. To bring to the notice of the Government the impact of various laws and regulations on business.
viii. To make the members aware of changes in the field of technology, marketing, financing, human resources, etc.
ix. To talk to foreign businessmen and explore the areas where Indian businessmen can cooperate and participate.
x. To draw plans and projects for encouraging the growth of trade and commerce in the country.
xi. To carry on research for the benefit of members.
xii. To protect the environment from industrial pollution.
xiii. To organise educational and training facilities for the members.
xiv. To provide legal advice to members.
xv. To act as arbitrators in order to solve disputes among the members.
Chambers of commerce is voluntary associations of persons connected with commerce and industry. Their membership consists of merchants, brokers, bankers, industrialists, financiers etc.
Chambers of commerce is formed in the same way as associations, with the ultimate objective of promoting and protecting the interests of business community. But they differ from trade associations in that they do not confine their interests only to a particular trade or industry; but stand for the business community in a particular region, country, or even the world, as a whole.
Chambers of commerce act as spokesmen of business community and make suggestions to the government regarding legislations that will foster trade and industry. The constitution and composition of chambers of commerce vary from country to country. In most of the countries, they are voluntarily organised by businessmen; though the government maintains close contacts with them.
Membership in an individual chamber can range from a few dozen to well over 800,000, as is the case with the Paris Île-de-France Regional Chamber of Commerce and Industry. Some chamber organizations in China report even larger membership numbers. Chambers of commerce can range in scope from individual neighborhoods within a city or town up to an international chamber of commerce.
The Indian Chamber of Commerce, or ICC as it is popularly known, is the premier body of business and industry in Eastern and North-Eastern India facilitating Business Since 1925. The membership of the Chamber comprises several of the largest corporate groups in the country, with business operations all over the country and abroad. Set up by a group of pioneering industrialists led by Mr G D Birla, the Indian Chamber was closely associated with the Indian Freedom.
The Bengal Chamber of Commerce and Industry was set up in 1853. However, the Chamber's origins date back to 1833 when its founding forefathers came together to form the first association of its kind in the country, which was later formalized as the Bengal Chamber. For the last one and a half centuries, the Chamber has played a pioneering role as a helmsman, steering the evolution of Commerce and Industry in India.
Calcutta Chamber of Commerce
In 1830 some traders and craftsmen of Calcutta organised themselves to form the Calcutta Trades Association which was a new kind of commercial organization, the first of its kind, not only in the country, but also in the far East. The records of the Association show that the idea of business assembly was first mooted at a meeting held on the 5th July, 1830 attended by about 200 traders of Calcutta and Calcutta Traders Association was born under the aegis of Mr Samuel Smith who assumed the post of the president.
Bharat Chamber of Commerce (inception in the year 1900) Towards the end of Nineteenth Century, to strengthen the hands of the nascent Indian enterprise and consolidate the voice, of the traders of Burrabazar, the “Marwari Chamber of Commerce” was established at Calcutta. The Membership of the Chamber was, however, not confined to Marwaris only and Indian businessmen from all over Calcutta continued to join its membership and enjoy its support.
One of the important activities of the Chamber during the formative stage was arbitration to resolve disputes.
From its inception in the year 1900, the Chamber has taken active interest not only in the areas of direct interest for trade and industry, but also in several walks of public life of this country. The Government of the day referred many important questions to the Chamber for its opinion since inception.
The Chamber has all along attempted to improve business methods and practices on better standard and codes, and a very large number of businessmen having diverse interest have always looked to the Chamber for advice and guidance. Before independence, there were only a handful of organizations in the country to offer these services fearlessly and the Chamber excelled in this regard. The large volume of activities of the Chamber, particularly in the forties, outlined in this document is the evidence of the Chamber’s concern not only in the welfare and well being of its members, but also on the social issues during war, famine or political atrocities. Since independence, the Chamber has always tried to stand by the national Governments at the Centre and in the State, in their efforts to build up the economy of the country on the ideals of a Welfare Society.
Objectives of Chamber of Commerce
Chambers of commerce seeks to achieve the following objectives:
i. To protect the interests of business community as a whole.
ii. To develop a sense of cooperation among their members.
iii. To collect and supply useful information to the members.
iv. To advise the Government on matter relating to trade, commerce and industry.
v. To consult the Central and State Governments on matters relating to trade, commerce and industry.
vi. To assist the Government in making budget by expressing views on different sectors of the country's economy.
vii. To bring to the notice of the Government the impact of various laws and regulations on business.
viii. To make the members aware of changes in the field of technology, marketing, financing, human resources, etc.
ix. To talk to foreign businessmen and explore the areas where Indian businessmen can cooperate and participate.
x. To draw plans and projects for encouraging the growth of trade and commerce in the country.
xi. To carry on research for the benefit of members.
xii. To protect the environment from industrial pollution.
xiii. To organise educational and training facilities for the members.
xiv. To provide legal advice to members.
xv. To act as arbitrators in order to solve disputes among the members.
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