Indian

Merchants' Chamber

Indian Merchants' Chamber

Indian Merchants’ Chamber, established on 7 September 1907 in Mumbai,[1] is an organization of India, representing interests of Indian trade, commerce, and industry. It was organized originally during the days of the British Raj to promote trade, commerce, and industry by Indian entrepreneurs.IMC has played a significant role in consolidating Indian business interests and making the Indian economy self-reliant. It kept pace with and, in its own way, became part of the Indian struggle for freedom.

Aims of imc

• 1) to provide quality services to members engaged in trade, commerce and industry to enable them to achieve growth , both qualitatively and quantitatively.

• 2) to provide service to the country as a whole in the area of economic , monetary and trade policy so as to achieve rapid national economic growth.

objectives

• 1) adopting measure for promoting and safeguarding the interest of trade, commerce and industry.

• 2) creating proactive partnership between government and business locally nationally and globally.

• 3) rendering efficient service through service oriented employees and expert.

• 4) providing accurate and timely information.• 5) engaging in economic research.

• 6)Recognizing institution and individual for outstanding contribution in the area of quality ,science, technology, public service, social welfare.

• 7)social process through poverty eradication programme, employment schemes, drought relief programme.

• 8) promoting foreign trade by import substitution and export promotion

• 9) providing education to the members through seminars, conference, training programme relating to trade, commerce, industry.

• 10) overall economic development through the development of trade, commerce, and industry.

Function of Indian merchant chamber

• Certificate Of Origin : Indian Merchants’ Chamber is one such Chamber of Commerce, authorised by the Government of India, to issue the Certificate of Origin (Non Preferential) to Exporters, since 1926.

• It has a dedicated Department for issuing the Certificate of Origin and attestation of export related documents along with issuing of Visa Recommendation Letters to the Member of IMC for Commercial visit purpose. Within one hour exporter can avail the Certificate of Origin after submitting relevant documents.

• For availing the Certificate of Origin (Non Preferential) from Indian Merchants’ Chamber, it is mandatory that, every exporter has to register their Company/Firm with Indian Merchants’ Chambe

• Certificate Courses: ADVANCED CERTIFICATE COURSESThe IMC Commercial Examination Board (CEB) setup in 1927 conducts the following Advanced Certificate Courses:

• 1. Advanced Certificate In International Trade• 2. Advanced Certificate In Finance and Banking• 3. Advanced Certificate In Tax Laws• 4. Advanced Certificate In Logistics and Supply

Chain

• Arbitration:Indian Merchants' Chamber (IMC) has been rendering services of institutional Arbitration since last many years to those who are desirous or resolving their commercial disputes expeditiously and economically.

Realizing the acute need for institutional arbitration with fixed cost and time bound schedule of proceedings, IMC embarked upon establishing a comprehensive International Alternate Dispute Resolution (ADR) Centre. At present, this kind of service is provided in Singapore, Paris and London only and a number of Indian Businessmen had to travel to these centres to settle their disputes

• Library facility: The Library provides selective and up-to-date source materials on major economic, commercial and other developments in India and abroad. These can be made available for reference, to the users who need such information who are not only the members of the Indian Merchants' Chamber, but also to the business community, students and the public at large.

• Institutional members of the IMC can utilise the library facilities free of charge. For others, library access is as per the applicable minimum library charges. In keeping with the major objective of the library, i.e. to function as a commercial reference library, it has a collection of books, journals, newspapers, reports, directories, pamphlets etc.

• The library has been recently re-organized on modern lines, and has introduced computerization, to help users to find required information with speed and accurac

• Economic Research & Training Foundation: The IMC Economic Research Training Foundation (IMC-ERTF) is the research wing of the Indian Merchants’ Chamber, established in 1959 to promote applied Economic Research and skill dissemination through various training programmes.ERTFhas been functioning as a dedicated division of research for carrying out a range of sponsored studies to guide public policy, organizing training programmes and panel discussion on contemporary issues of the economy.

• With a view to promote holistic development of Trade, Commerce and Industry, ERTF has embarked upon a number of unique research oriented activities concentrating on globalization, competitiveness, policy analysis and inclusive growth. The ERTFis constantly playing a proactive role in enlightening the community on burning issues such as fiscal deficit, depreciation of the Indian Rupee, inflation, examination of major infrastructure projects, improving access to education, Scope of Agribusiness, CSR initiative, measures to combat global warming, corporate governance, SME sector needs and others. ERTF has also been instrumental in addressing the growing concerns of energy crisis and environment matters through promotion of sustainable green initiatives.