The Chambers of Commerce and Industry was started as an association of business and industrial houses to develop and protect their common interest and aims. Lot of such chambers have been established and are present in our country like for example, ASSOCHAM, Confederation of Indian Industry (CII) and Federation of Indian Chambers of Commerce and Industry (FICCI). Such chambers of commerce call themselves as the national guardians of trade, commerce and industry. The Indian Chambers of Commerce and Industry play a catalytic role to strengthen internal trade to make it an crucial part of overall economic activity. These Chambers interact with the government at various levels to reorient or reorder policies which reduce hindrances, increase interstate movement of goods, introduce transparency and remove multiple layers of inspection and bureaucratic hurdles. And also these chambers also intend at erecting sound infrastructure and simplifying and harmonising the tax structures.
Chambers of commerce plays a vital role by rendering useful services to businessmen and the Government. Services to businessmen.
Chambers of commerce serves as friends, philosophers and guides to the business community. Businessmen derive the following advantages from chambers of commerce:
- Businessmen get valuable information free of cost.
- They can expand their business activities with the help of suggestions and advice from chambers of commerce.
- Chambers of commerce creates markets for the products of their members by organising fairs and exhibitions.
- Businessmen get a common forum at which they can discuss problems and exchange views on matters of common interest.
- Differences and disputes among businessmen can be solved amicably and economically with the help of chambers of commerce.
- Members take advantage of educational and training facilities offered by chambers of commerce.
- Chambers of commerce undertakes research on behalf of their members.
- Chambers of commerce fosters a sense of cooperation's among businessmen.