The Chamber of Commerce is an association or network of business people to promote and protect the interests of its members to the target goal achievement. Chamber of commerce performs various functions for the welfare of trade and commerce of a country. It plays important role in development of industries in a country. Chambers of commerce exist all over the world.
Honorary Doctorate Awards by Malaysia South India Chamber of Commerce (MSICC) to Achievers in various fields of business, including to those who have contributed to education, society, charity and supported the Chamber.
The function of chamber of commerce is as follows:
Protecting the interest of the Member- The most, important function of the Chamber of Commerce is to protect and maintain the member’s interest. With this view it advises the members in business related topics. It also puts that claims of the members to the Govt. and influence the Govt. in fulfilling them.
Development of trade, commerce and industry: All the functions of the chamber of commerce result in the development of trade commerce and industry of its area. It helps the business in its area, provides advice to all with a view to developing the industrial sector of the country.
Removing odd or unfair competitions- The chamber of commerce tries to eradicate any unequal or harmful competition among the member organizations and to keep the market of that product static. This ensures the existence of small factories and supports the large organizations.
Creating and Maintaining Favorable Business Environment– One of the important functions of the chamber of commerce is to create a proper and friendly business environment and to maintain it. It discusses to the Govt and undertakes different structured steps to create a business environment.
Act as a Representative- The chamber of commerce acts as a delegate or representative of its members. It places various claims to the Govt. It also acts as a representative in caw of foreign trade.
Government Advisor- The chamber of commerce advises the Govt. in case of forming the industrial law, business law, import and export regulations, budget etc. It supplies important information about the business and commerce of the country for assistance.
Developing business, education and training- To make more skilled business persons and to create new entrepreneurs, the chamber of commerce arranges various types of short-term and long-term courses and training programs. This helps in increasing the skill and introduction of new techniques.
Act as an arbitrator: The chamber of commerce acts as an arbitrator in case of any conflict on problem between the members. This develops a harmony among the members.
Developing Foreign Trade: The chamber of commerce attracts foreign investors by giving them various advises and counselling. It also accepts the foreign bill of exchange formed on its members.
Except these activities chamber of commerce conducts various welfare activities like establishing libraries, school, college, training centers etc.
The world's largest business organization that aims to promote international trade and investment
What is the International Chamber of Commerce (ICC)?
Based in Paris, France, the International Chamber of Commerce (ICC) is an organization comprised of more than six million members from countries around the world, tasked primarily with representing and helping to establish rules that affect and govern the interests of individuals and organizations in every part of private enterprise.
Who the ICC Supports
Ultimately, the International Chamber of Commerce supports its members and associates. However, in setting the groundwork for fair and profitable trade and business between nations, the ICC ends up supporting any firm that seeks out deals or trade with another country.
The ICC also works closely with a number of governmental agencies by lending expertise and establishing a presence through representatives at places such as the World Trade Organization (WTO), the United Nations (UN), and even at the G20 summits.
Final Word
The International Chamber of Commerce was created shortly after World War I when real regulation or security concerning international trade and business interests was not existent. Over the years, the ICC became a foundation on which rules of ethical and profitable trade between nations could be established.
The rules the ICC laid down in its earliest years are the principles it stands on today, principles that influence almost every area of business and trade around the world.
The Malaysia South India Chamber of Commerce (MSICC)
The MSICC likewise was established for the same reasons as aforementioned.
Currently other countries directly affiliated / connected with MSICC includes: Canada, Bangladesh, Cambodia, Japan & Bahrain.
It is expected that more Malaysian Chambers of Commerce will be established jointly with many other countries, including through affiliations with other established international chambers of commerce.
In order to help business ensure peace, prosperity, and opportunity for all, MSICC is envisaged to serve as a bridge between Malaysia and South India, including Canada, Japan, Cambodia, Bahrain, Bangladesh and gradually the rest of the world.
Vision
To create a platform of opportunities for conducting fair and fast-track commerce that allows for mutual benefit.
Mission
As a socially responsible chamber, we will do whatever we can to expand Malaysia's economic corridor with the rest of the world.
Our Goals
As a result of our short-term goal's success, making outstanding contributions to society is a key component of our long-term goals.
Short Term Goals
MSICC will ensure maximum support to the new and existing members by including more business-friendly approaches.
The honorary doctorate for outstanding contributions to society is an integral part of our short-term goals.
Long Term Goals
MSICC will woo more Indian industrialists and entrepreneurs including member industrialists and entrepreneurs from its affiliated chambers worldwide by citing the success of past engagements with MSICC. The Chamber has introduced daily online business meetings through the Zoom platform. Such gatherings have the potential to create an interconnective web of partnerships based on trust and credibility.
We Make Best Consulting
We assist members in embracing change and embracing it with confidence so that members may overcome the difficulties it poses.
Malaysia South India Chamber of Commerce
It was established with the initiative of Dato Sri Venugopal is a premium chamber formed under the directive of the Malaysia International Chamber of Commerce & Industries (MICCI).
MSICC strives to foreshadow potential trade opportunities between Malaysia and the Southern States of India. This platform aims to partake in discussions with south Indian delegates, thereby, motivate potential investors from the Indian states to invest and connect with Malaysia and its business communities. The Malaysian diaspora behind this initiative has strong connections with India. As of now, the members of MSICC include influential entrepreneurs from both countries.
The current President, Dato Sri Venugopal is a successful industrialist with a futuristic mind. His association with like-minded businessmen from both countries has helped established the platform in the form we see now.
Recently, MSICC has extended its bridging connection with several other counties (and continuing) such a Canada via the Malaysia Canada Chamber of Commerce, Japan via the Malaysia Japan Chamber of Commerce, Bahrain via the Malaysia Bahrain Chamber of Commerce, Bangladesh via the Malaysia Bangladesh Chamber of Commerce and Cambodia via the Malaysia Cambodia Chamber of Commerce.
MSICC is now one of the busiest business platforms endeavoring to offer the best membership perks to its members. It has very quickly evolved to the present status as a result of the enormous contributions of its patron members.
Recognition & Awards by MSICC
Such Honorary Doctorate Awards are respectfully recognized and well received by all successful entrepreneurs, worthy politicians, inventors including prominent artists across the world. These achievers are finally given the recognition they so deserved for their years of invaluable real-life experiences, business achievements and contributions to society.
PhDs achieved thru' studies and research in a specific field likewise is to be respected and honored although many may not have made any great achievements and in-roads in business and inventions nor made contributions to society and charity. Hopefully, they too will emerge successful beyond their education, thesis & research work.
Honorary Doctorate awarded to high performers in both social and economic fields who have also made generous contributions to education, society & charity and for supporting MSICC.
Those who need more information and wish to apply may contact our Vice President
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