ASSOCHAM

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ASSOCHAM
Type Trade association
Founded 1920
Headquarters New Delhi, India
Key people Rana Kapoor
President
Website www.assocham.org

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) is one of the apex trade associations of India. The organisation represents the interests of trade and commerce in India, and acts as an interface between industry, government and other relevant stakeholders on policy issues and initiatives. The goal of this organization 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.

Background[edit]

ASSOCHAM was established in 1920 by promoter chambers, representing all regions of India. The Association's head office is located in New Delhi and regional offices are located in the cities of Ahmedabad, Bangalore, and Kolkata. As of 2012, ASSOCHAM covers a membership of over 400,000 companies and professionals across the country.[1]

ASSOCHAM members represent the following sectors:

  • Trade (national and international)
  • Industry (domestic and international)
  • Professionals (e.g. CAs, lawyers, consultants)
  • Trade and Industry Associations and other Chambers of Commerce

Committees[edit]

ASSOCHAM operates through 59 Expert Committees 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 counterpart international organizations to promote bilateral economic issues. ASSOCHAM is a member of the International Chamber of Commerce, the World Business Organization, through ICC, India.

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

References[edit]

  1. ^ "UP fourth on foreign tourist arrival in India: Assocham". Times of India. 26 September 2013. 

External links[edit]