Associated_Chambers_of_Commerce_and_Industry_of_India

ASSOCHAM

ASSOCHAM

Trade association in India

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) is a non-governmental trade association and advocacy group based in New Delhi, India.[2] The organisation represents the interests of trade and commerce in India, and acts as an interface between issues and initiatives.[3] The goal of this organisation is to promote both domestic and international trade, and reduce trade barriers while fostering conducive environment for the growth of trade and industry of India.[4][5]

Quick Facts Formation, Type ...

Background

ASSOCHAM was established in 1920 by a group of chambers of commerce led by the Calcutta Traders Association.[6] The Association's head office is located in New Delhi and regional offices are located in the cities of Ahmedabad, Bengaluru, Ranchi, Jammu, Chandigarh, Kolkata, Mumbai, Lucknow, Hyderabad, Jaipur and Bhubaneswar.[7]

ASSOCHAM members leads initiatives in various segments such as empowerment, healthcare, education and skilling, hygiene, affirmative action, road safety, livelihood, life skills, and sustainability.

The association has appointed Vineet Agar, the managing director of Transport Corporation of India, as its new president to replace Niranjan Hiranandani in 2021.[8][9]

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.[10]

Committees

ASSOCHAM operates with more than 100 national and regional sector councils. It's an representative of the Indian industry, these Councils are led by well-known industry leaders, academicians, economists and independent professionals. The Chamber works on aligning critical needs and interests of the industry with the growth aspirations of the nation. It also interacts with international counterpart organisations to promote bilateral economic issues.[11][12]

References

  1. [1]
    "Sanjay Nayar takes over as Assocham president". The Economic Times. 2 April 2024. Retrieved 11 April 2024.
  2. [2]
    "ASSOCHAM Foundation Week 2020: PM Modi to deliver keynote address today; to award Ratan Tata". DNA India. 19 December 2020. Retrieved 29 December 2023.
  3. [3]
    "ASSOCHAM". Thomson Reuters.
  4. [4]
    "Welspun Group Chairman Balkrishan Goenka is new Assocham president". The Economic Times. 17 October 2018. Retrieved 7 January 2019.
  5. [5]
    Aggarwal, Vinod K; Koo, Min-Gyo (2008). Asia's New Institutional Architecture : Evolving Structures for Managing Trade, Financial, and Security Relations. Heidelberg: Springer. p. 243. ISBN 978-3-540-72388-2.
  6. [6]
    "Associated Chambers of Commerce and Industry of India". Britannica. Archived from the original on 20 September 2015.
  7. [7]
    "About Us". ASSOCHAM. Retrieved 30 December 2023.
  8. [8]
    Shenoy, Jaideep. "Vineet Agarwal takes over as new Assocham president - Times of India". The Times of India.
  9. [9]
    "Vineet Agarwal Appointed As ASSOCHAM President". humancapitalonline.
  10. [10]
    "ASSOCHAM holds Xelerate North 2021 to discuss industry issues". TheFactNews. 25 September 2021.
  11. [11]
    "ASSOCHAM GEM Odisha Chapter Inaugurated". Kalinga TV. 9 March 2021. Retrieved 15 December 2023.
  12. [12]
    "Co-chairman elected for Assocham Telangana development council". The Hindu. 16 October 2023. Retrieved 15 December 2023.
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