FICCI Abbreviation

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Popular abbreviations of FICCI:

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What does FICCI mean?

FICCI stands for Federation of Indian Chambers of Commerce and Industry. FICCI is India based non-government and advocacy organization of trade. FICCI was established in 1927 by Ghanshyam Das Birla and Purshottamdas Thakurdas. The headquarter of FICCI is based in New Delhi. 

Brief History

• The official website of FICCI is ficci.in
• FICCI is India’s oldest, largest and apex business organization. 
• FICCI has membership in more than 250,000 companies including the MNCs, chamber of commerce, and public and private industries.
• FICCI has its centers in 12 states of India and has active operations in 8 countries in the world. 

Initiatives of FICCI

The initiatives of FICCI include:

Invest India

This initiative of FICCI is in a public-private partnership with the Government of India. Invest India was set up according to the Companies Act, 1956. Invest India focuses to increase foreign investments in India as well as make a proper climate for domestic investments.

Millennium Alliance

This initiative is a joint venture between FICCI, the Government of India (Department of Science and Technology) and the United States Agency for International Development. Millennium alliance works to scale up and support innovative solutions which are low-cost. It was launched for venture capitalists, early investors and for scale innovative solutions. 

ATA Carnet of FICCI

ATA carnet is issued and guaranteed by the FICCI. ATA carnets are needed by the engineers, film crews, TV-associated people, musicians, etc for shifting the technical equipment across the border. 

Allied organizations with FICCI

• FICCI Arbitration and Conciliation Tribunal (FACT): This organization helps in clearing commercial disputes by providing arbitration services. 
• FICCI’s ladies organization: This organization promotes the professional spirit and entrepreneurship for business in women in India. It was established in 1983. 
• FICCI Committee Against Smuggling and Counterfeiting Activities Destroying Economy (CASCADE): This organization works for capacity building in the enforcement agencies of law. It was established in 2011. It keeps control of smuggling and counterfeit products across India. 
• Aditya Birla CSR Centre for Excellence: This organization is for the development of CSR practices. It’s a joint venture of Aditya Birla Group and FICCI.