The huge Indian consumer market — a dreamland for all world economies
Have you ever wondered why?!!
Why is every other company enthusiastic about investing in India??!! The reasons are not too complex to fathom…. 1. India happens to be the only subcontinent in the world. 2. India is the largest consumer base for quality products. 3. India has a huge consumer base to launch any product. 4. India is the biggest stable democracy in the world. 5. India has a population of One Billion consumers. There are many importers in India dealing in large variety of product from all over the world and contributing to the growth of economy. The Products imported include
After independence the industry took its first step towards introduction phase and Government mainly targeted exports sector of the economy to earn more and more as at that time the balance of trade was negative, and the same increased further.
For Exports Promotion, Govt. has instituted many institutions like Advisory Council on Trade set up in 1962, Export Promotion Council for eleven products, FICCI, FIEO, APEDA, IIFT, Commodity Boards, Tea Trading Corporation of India and many others institutions for promotion of Indian commodities world wide.
During the decade of 60’s, 70’s and 80’s the importers in different states, at port level, established some forums to safe guards their interest and solve collective problems and grievances. They dissolved because of internal squabbles, personalization of representation not able to solve the problems of members and similar other shortcomings; and their voice never came up to be of any real consequence at the national level.
After liberalization in Govt. policies towards international business in the decade of 1990, much improvement was shown in exports, as well as in imports.
At about the same time, a thought entered into the mind of a few prominent members of Indian trade and industry to make a non profit-making body for the betterment of importers.
They conducted various studies, meetings and seminars before taking this giant step, to form an importers’ association at national level, to fulfill the requirements of importers in India, to provide cost effective imported goods to the Indian consumers in the form of raw material, semifinished and finished goods, to protect importers and solve their innumerable problems.
The dream that began as a thought was finally realized. A nonprofit making body under the societies registration XXI act, 1860 was formed with the name of “INDIAN IMPORTERS OF CHAMBERS OF COMMERCE & INDUSTRY”.
IICCI is committed to act as a catalyst of trade and commercial exchanges, to support promotion of large varieties of products to fulfill the needs of consumers in different segments of the economy as well as fulfilling industrial, technological, and environmental requirements of the Current Era.