The Federation of Karnataka chambers of Commerce & Industry (FKCCI) has a long history to tell, a history that can be traced back to the erstwhile Mysore Chamber of Commerce, the precursor of FKCCI, which was conceived by Sri M. Visvesvaraya. The then association was established on May 8, 1916 and in 1966-67, its name was enlarged into Mysore Chamber of Commerce & Industry. The organization received its current name, Federation of Karnataka Chambers of Commerce & Industry in 1973.
The association has a membership of about 2500, drawn from all sectors of trade, commerce and industry, spread over the entire sateincluding 150 district chambers of commerce and trade associations.
FKCCI represents the Micro, Small and Medium Enterprises (MSMEs) in Karnataka which adds about 50 percent of the total revenue of the state. In its proclaimed objectives, the association vows to act as a spokesman for business and industry in the state.
FKCCI is a significant contributor to Karnataka’s economic growth. “We gave the government one lakh core rupees last year by collecting the taxes and this year it’s going to be one lakh ten thousand cores rupees. We have generated more than 20,000 crores investment last year. We do mean to be a party in the development of the state and we will continue to do so,” R. Shivakumar, President of FKCCI said.
The key objective of the association now, as S. Sampathraman, the Senior Vice President of FKCCI notes, is to take industry to the districts or in other words, develop the rural areas. “The idea is to develop districts by focusing on the products or industries they are known for. For example, Chamrajnagar’s forte is agriculture while the Hubli-Dharwad belt is known for its architectural products and Channapatna has a strong toy-manufacturing industry. We plan to develop these rural industries, market their products and take businesses to tier I and II cities than concentrating only on Bangalore.”
The association works as a forum for industrialists to discuss and deliberate on all issues affecting the general interests and takes up issues that affect the industry to the government. It organizes seminars, workshops, symposiums, training programs etc and sets up exhibitions, trade shows, buyer-seller meets, catalogue shows and the likes for the benefit of its members and the general public.
Federation of Karnataka Chambers of Commerce & Industry
P.O. Box 9996, K.G.Road, Bangalore - 560 009, India
Telephone: (91-80) 2226 2355/6, 2226 2157, 40828300