Profile

Starting its journey in 1901, the Merchants’ Chamber of Commerce & Industry has emerged as one of the most dynamic and front-ranking Chambers in the city. Being born in an environment of National Upsurge, its prime objective has been to provide a sense of integrity, secularity and idealism to the business community of Eastern India.

The Chamber started its function in the name of ‘Vaishya Mitra Sabha’. In 1904, the Sabha was renamed as the ‘Merchants’ Committee’ and membership was opened to all. It plunged itself into the Swadeshi Movement launched by Mahatma Gandhi in 1921. In 1952, the name was changed into ‘Merchants’ Chamber of Commerce’. In the year 2011, it changed its name from Merchants’ Chamber of Commerce to the ‘MCC Chamber of Commerce & Industry’ to reflect its new ethos, multiplicity of business ventures and a balanced focus on economic and social growth.

Since early 1960’s, more and more large industries, professions and services started joining the Chamber. The Chamber celebrated its Diamond Jubilee in 1969, which was inaugurated by Late Morarji Desai, Deputy Prime Minister of India. The Platinum Jubilee was celebrated in 1978 and inauguration was done by Late N. Sanjiva Reddy, President of India. The Centenary of the Chamber was celebrated in the year 2002, and inaugurated by Late Krishan Kant, Hon’ble Vice President of India.

The Chamber has now over 650 direct members, mostly SMEs and 22 industry and trade associations affiliated to Chamber. The administration rests in the hands of the Executive Committee, comprised of 80 members drawn from different sectors of industry, trade, profession, past Presidents and Trustees. The Committee, headed by the President, appoints various Standing Committees, to deal with specific issues emerging in the areas of their concern.

At present, twenty Standing Committees are functioning in the following areas:

  • Agriculture & Biotechnology
  • Banking, Finance & Insurance
  • Capital Market
  • Corporate Law & Governance
  • Direct Taxes
  • Education & Health
  • Foreign Trade
  • Human Resources Development
  • Indirect Taxes
  • Industrial Relations
  • Industry
  • InfoTech & Communication
  • Infrastructure & Transport
  • Internal Trade
  • Iron and Steel
  • Membership Development
  • Retail Business
  • Rural Development
  • Small & Medium Enterprises
  • State Taxes

There is an Advisory Council, headed by a Chairman to offer guidance to the Committee on all major issues. The Chamber also has a developmental wing called MCC Foundation, whose major thrust is on development of rural areas.

Infrastructural facilities of the Chamber include two well-equipped Conference Halls with all modern facilities. One is Somany Conference Hall with a seating capacity of 80 persons, while the other is Jhajharia Committee Room, which can accommodate 20 persons. These are frequently used for business meetings.

Major thrust areas of the Chamber:

  • Interaction with the Central and State Governments, Planning Commission, various expert bodies set up by the Union Government, Finance Commission, Foreign Embassies, Trade Delegations from abroad and RBI to foster better relations with them and create a congenial environment for rapid growth of industry and overall economy.
  • Even flow of industrial inputs at reasonable prices.
  • Initiating necessary steps against critical bottlenecks in the Internal Trade to ensure faster growth of the industry and the consumers’ welfare.
  • Pleading with the Union Government to liberalise the trade through a drastic reduction in the Plethora of Acts, Rules and Orders and submission of a Blueprint for action.
  • Chambers’ motto: Competition is vital for sound and balanced economic growth and national prosperity. MCC looks to the future with great confidence in its capacity to fully serve the business community and the people.
 

 
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