What is the Full form of CII?
The full form of CII is Confederation of Indian Industry. CII is a non-profit and non-governmental organization created by advisory and consultative developers to achieve a conducive atmosphere for the growth of Industry and civil society in India. Founded in 1895, it has over 8,000 members, both from the public and from private sectors.
CII’s focused on policy issues with the Government. CII was a tool for progress in financial-policy reforms in India. During the 1991 economic liberalization, CII played a significant role in breaking down high walls of security among the Indian economy and the rest of the world.
History of CII
- In 1895, five engineering companies, representatives of the Bengal Chamber of Commerce and Industry, joined hands in establishing the EITA (Engineering and Iron Trades Association).
- In 1912, EITA was renamed IEA to represent the purpose of the organization to exclude traders from representation and encourage the cause of producer.
- In 1942 EAI (Engineering Association of India) was formed as an affiliate of the Indian Chamber of Commerce to support Indian-owned engineering companies.
- IEA and EAI were combined in 1974 to create the AIEI (Association of Indian Engineering Industry).
- In 1986, the AIEI was designated as the CEI (Confederation of Engineering Industry) to represent the organization ‘s progress.
- Industrial regulation was abolished in 1991. The CEI was called as CII (Confederation of Indian Industry) on 1 January 1992, in line with the Government’s plan to liberalize the Indian economic growth.
Objectives of CII
CII carries out different activities to accomplish its key objective of developing the Indian Industry, some of which have been listed below:
- To recognize and encourage Industry’s participation in India’s economic growth
- Enhance the involvement of business with the society
- To offer up to date details to Government & Industry.
- Supporting Industry in its attempt to promote efficiency, the environment and consumers.
- Supporting Indian Industry’s globalization and incorporation into the international economy.
- Dealing with small business requires to make it more effective.