Established 90 years ago, FICCI is the largest and oldest apex business organization in India. Its history is closely interwoven with India's struggle for independence, its industrialization, and its emergence as one of the most rapidly growing global economies.
A non-government, not-for-profit organization, FICCI is the voice of India's business and industry. From influencing policy to encouraging debate, engaging with policy makers and civil society, FICCI articulates the views and concerns of industry, reaching out to over 2,50,000 companies. FICCI serves its members from large (domestic and global companies) and MSME sectors as well as the public sector, drawing its strength from diverse regional chambers of commerce and industry.
The Chamber with its presence in 14 states and 10 countries provides a platform for networking and consensus-building within and across sectors and is the first port of call for Indian industry, policy makers and the international business community.
In January 2016, the City of London Corporation launched the Green Finance Initiative (GFI) in partnership with government. With over 30 members and observers, the initiative brings together international expertise from across the financial and professional services sector. It aims to:
- Provide public and market leadership on green finance
- Advocate for specific regulatory and policy proposals that might enhance the green finance sector worldwide
- Promote London and the UK as a leading global centre for the provision of green financial and professional services.
FICCI and Climate Bonds Initiative have launched the Indian Green Bonds Council (IGBC) in October 2016. The aim of the council is to propose solutions towards the development of a green bonds market in India and enable capital market flows into clean energy. The Council serves as a local education platform, a vehicle to promote best practice and to activate market participation more widely. The Council provides guidance and acts as a sounding board for developing policy, strategy and activity in achieving its goal as the premier body for advancing the agenda of greening of the Indian economy via green bonds. At present the Council has 30 members including banks, financial institutions, stock exchanges, rating agencies, investors and issuers.
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