Bengal Chamber of Commerce and Industry

The Bengal Chamber of Commerce and Industry is a chamber of commerce based in West Bengal, India.

Established in 1853, it is the oldest such institution in India.[1]

The organization has its headquarters at the former Royal Exchange in B. B. D. Bagh, Kolkata, which was once the residence of Robert Clive, the first Governor-General of India.

Contents

Membership

The members include corporations and industries of all sizes, professionals, divisions of large multinational corporations and service industry organizations. The corporate members are drawn largely from the sectors of agriculture, engineering, textiles, leather, fast moving consumer goods and customer services, and are not confined to West Bengal and the Eastern Region, but are from all over India.[1]

History

The Bengal Chamber of Commerce was founded in 1853, replacing the former Calcutta Chamber of Commerce, which was merged into the new organization. At the outset, it had eighty-six members in Calcutta and eighteen others. Its objects included[2]

On 30 November 1857, as a result of the Indian Mutiny, the Chamber appealed to the Government of India to send "a force of Europeans, either sailors or soldiers" to defend Akyab, as it considered the Arracan Battalion not to give enough protection. It was concerned about "the safety of the inhabitants and the security of the public treasury". The Secretary to the Government replied on 2 December, regretting that "there is no European force available at present."[3]

In 1876, at a time when silver was falling in value, chiefly due to the opening of new mines in the United States, the Bengal Chamber of Commerce was so concerned that it proposed that the Government of India should suspend the coining of silver. The Economist of 5 August 1876 reported that

The Chamber of Commerce of Bengal have resolved "that it is expedient for the government to suspend clause 19 of Act 23 of 1870, which makes it obligatory on the Indian Mint to receive all silver tendered for coinage... and that during such suspension it be unlawful to import coined rupees.[4]

The Chamber and its business were greatly disrupted by the partition of India and the partition of Bengal in 1947, with West Bengal becoming part of the new Union of India and East Bengal going to Pakistan. Despite this, changes in the Chamber were later described as "slow and incremental". New businesses joined the Chamber, and its first Indian President of the new era was elected in 1958. It developed from a gentlemen's club of able merchants whose chief concern was with trade into a modern organization with as much concern for industry as for trade. Whereas the officers and committee members had previously been the owners of capital, they were now more likely to be professional senior managers.[5]

Notable people

James Lyle Mackay, later first Earl of Inchcape, was elected president of the Chamber in 1890, and Ernest Cable in 1903,[6] followed by Sir Apcar Alexander Apcar KCSI from 1904 to 1907. Archibald Birkmyre (1875–1935) was vice-president, and John Jardine Paterson was President in 1966.[7]

In 2004, O. P. Jindal (1930–2005) was awarded the Chamber's Lifetime Achievement Award for his outstanding contribution to the Indian Steel Industry.[8]

List of Presidents

Notable corporate members

The present members of the Chamber include Allahabad Bank, Alstom Projects India Ltd., American Reprographics Company, Andrew Yule and Company Ltd., Apollo Gleneagles Hospitals, Kolkata, AREVA T&D India Limited, Balmer Lawrie & Co. Ltd., Bajaj Allianz General Insurance, Babcock Borsig Ltd., Balmer Lawrie, Berger Paints India Ltd, Bhushan Power & Steel Ltd., Biecco Lawrie, Birla Tyres, BOC India Ltd., Britannia Industries Ltd., Calcutta Business School, Castrol India Ltd., CESC Limited, Chatterjee Management Services Private Ltd., Coal India Limited, Delhi Business School's Kolkata Campus, Descon Limited, Dr. B.C. Roy Engineering College, Durgapur, Dunlop India, National Institute of Technology, Durgapur, Eastern Railway, EIH Limited, Eveready Industries India, Exide Industries, Fortis Healthcare Limited, Garden Reach Shipbuilders and Engineers, Gillanders Arbuthnot & Co. Ltd, Greaves Cotton, GTZ (India) Private Limited, Haldia Petrochemicals Ltd., Hawkins Cookers Limited, Hindalco Industries Ltd., Hindustan Petroleum Corporation, Hindustan Unilever Ltd., Housing Development Finance Corporation, Howrah Mills, Indian Institute of Management Calcutta, Hyatt Regency Kolkata, ICFAI Business School, Internet Content Rating Association, India Steamship, Indian Oil Corporation, and International Combustion (India) Ltd.[11]

External links

Notes

  1. ^ a b Welcome to the Bengal Chamber Web Site at bengalchamber.com, accessed 5 January 2011
  2. ^ The Cyclopedia of India: biographical, historical, administrative, commercial, vol. 1 (1907), pp. 230-233
  3. ^ Accounts and papers of the House of Commons, 245
  4. ^ Walter Bagehot, The collected works of Walter Bagehot vol. 4, p. 568
  5. ^ Stanley A. Kochanek, Business and politics in India (University of California Press, 1974), pp. 119-121
  6. ^ Who's Who for 1926, p. 444
  7. ^ 'Jardine Paterson, Sir John (Valentine)', in Who Was Who (A. & C. Black, 1920–2008), online edition by Oxford University Press, December 2007, accessed 5 January 2011
  8. ^ O. P. JINDAL: THE MAN OF STEEL WHO COULD TALK TO MACHINES at jsw.in, accessed 6 January 2011
  9. ^ Attar Chand, Prime minister P. V. Narasimha Rao, the scholar and the statesman (1991), p. 134
  10. ^ Mr Sundaresan Radhakrishnan at desconlimited.com
  11. ^ Members list at bengalchamber.com, accessed 5 January 2011