Kolkata based industry body Indian Chamber of Commerce (ICC) recently launched its southern regional council in Hyderabad, in order to expand PAN India.
KT Rama Rao, IT Minister says, “India today is home to many youngsters, who in the next decade are going to create world-class companies, offer solutions and solve many problems plaguing the world. This is where I believe ICC has a huge role to play, as these entrepreneurs need proper mentoring.”
It is believed that ICC will have more opportunities by reaching out to huge untapped market of small and medium entrepreneurs. Rao believes the brand to focus on handholding and mentoring the small businesses, providing essential policy advice for a better future.
Rao adds, “Telangana government will set up a consultative committee to work with ICC and start engaging with SMEs.”
Being the oldest industry body in India, ICC is looking to go local via expanding through MSME sector.
“ICC is planning to focus on more sector-specific issues and reach out to unreached segments, unlike CII and FICCI, who focus more on large corporates. We will work on bringing SMEs and start-ups onto one platform to address the challenges and spot opportunities. While there are about 1,600 members in ICC now, we are planning to add another 300 members through southern regional council by next year,” said T Rajiv Reddy, chairman, ICC Southern Regional Council.