The Chamber of Commerce was established in 1917 to represent Hyderabad State of the old Nizam's dominions. After the formation of Andhra Pradesh in 1956, its name was changed to 'The Federation of Andhra Pradesh Chambers of Commerce and Industry'in 1958. After the bifurcation of the State into erstwhile Andhra Pradesh and newly formed State of Telangana in 2014, it was rechristened as 'The Federation of Telangana & Andhra Pradesh Chambers of Commerce and Industry.' FTAPCCI liaises between Trade, Industry and the Government, participating & suggesting to the government on their policies on industry, labor laws, energy, environment, direct & indirect taxes & various issues. It also draws attention and represents industry about the issues and challenges of industry & trade. FTAPCCI conducts studies on various subjects related to trade and industry and acts as a knowledge chamber. In 2017, we would be completing 100 years. FTAPCCI has got a membership of more than 3000 direct members and with its 160 Associations/Chambers of Commerce and an indirect membership of over 25000. FTAPCCI has become an important forum for interaction between Govt. and business and industry in a global perspective. FTAPCCI also had the proud privilege of visits by Sri Pranab Mukherjee, President of India and Dr.A.P.J. Abdul Kalam, former President of India and they addressed the members of the industry on several subjects.
Aspirations
The main function is to promote and protect the interests of trade, commerce and industry. The Federation has also been actively engaged in building up rapport with the Government at the Local, State and Central levels.
Objectives
To promote and protect the interests of trade, commerce and industry in Andhra Pradesh. To consider all questions related to trade, commerce industry and initiate or support necessary action in connection thereof. To collect, disseminate statistical and other information. This promotes awareness about commercial and economic knowledge. To keep members updated on economic issues, deal with commercial queries or establish contracts with specialists act as a turntable for supply and demand and pave the way for new business connections.
Functioning
The Managing Committee and Past-Presidents give over-all direction in the activities of the Federation. Their opinions are put forward before the Government and the public on matters affecting trade and industry through conferences, meetings and representations. The work of the Federation is carried out by a Secretariat consisting of a Secretary General, Deputy Secretary General, Joint Secretary, Deputy Secretaries, Assistant Secretaries & Junior Officers in various Departments.
Services of FAPCCI
Presently the Chamber lends its support to the Government in its effort to promote economic growth of the country through planned programme of economic development. FAPCCI has oriented its organization set up and approach so that it could render better and greater services to its members: The Chamber invites Union Ministers, Chief Ministers of different States, Ambassadors/High Commissioners of various countries in India and high level dignitaries. Secretaries of important Ministries and Heads of various departments are invited for a dialogue with our members on current issues. The Chamber receives several business delegations both from developed and developing countries as well as high level Government officials from various countries every year, thus contributing significantly to India's International business relations. It also sponsors business missions abroad and participates in international exhibitions.
