The Multilateral Division of FICCI works to strengthen economic relations and build new connects by leveraging the synergy of regional and multilateral groupings. This is done at B2B and track 1.5 formats. Economic conferences and programmes have substantive backing from continuous intellectual effort and industry focused research through industry committees, working groups and special Task Forces.
At the Multilateral level, FICCI holds the Business Secretariat for BRICS, Indian Ocean Rim Association (IORA), Shanghai Cooperation Organisation (SCO), ASEAN India Business Council (AIBC). FICCI is also one of the Founding Organisations for SAARC Chamber of Commerce and Industry, Boao Forum, CACCI. In addition, FICCI has spearheaded several initiatives in other key areas in alignment with India’s Foreign Policy objectives such as BIMSTEC and Blue Economy.
The objective of Multilateral Division is also to expand the outreach of FICCI by collaborating with multilateral and bilateral agencies in a focused way and by creating joint engagements in line with the identified priorities of the partner institutions. The division is the first point of contact for multilateral and bilateral agencies interested to work with different divisions of FICCI as well as for connecting various in-house verticals with global and regional institutions. Some of our partner institutions include ADB, World Bank, IMF, UNDP, KAF, FES, FNST and GIZ. The Division also contributes to evolving private sector’s perspective on global and regional public policy and economic issues. The Division also works as the central team in FICCI's International Department and supports coordination of key engagements including the work of FICCI's International Council.
Vision, Mission and Objectives of the Division
- Study India’s present multilateral engagement and economic diplomacy and chart the future course in the medium and long run through industry focused initiatives
- Design a comprehensive and pragmatic vision for India’s multilateral engagement and economic diplomacy
- Engage FICCI members through various multilateral platforms for business expansion and networking, identify and promote growing business opportunities in multilateral groupings and understand concerns and critical issues that impact business decision making
- Identify policy gaps and enablers to facilitate deeper sub-regional, regional and mega-regional engagements
IORA: FICCI serves as the Business Secretariat of Indian Ocean Rim Association (IORA), a regional grouping of 21 member states and 7 Dialogue Partners. It is home to nearly 2.7 billion people sharing the shores of Indian Ocean with rich in cultural diversity and richness in languages, religions, traditions, arts and cuisines.
FICCI has been actively pursuing Government of India’s priority agenda with IOR through a range of policy dialogues, media interaction and industry led initiatives.
Blue Economy: Blue Economy is a new paradigm in the development discourse which gives equal weightage to economic growth and environmental sustainability. With land-based resources depleting fast, there would be renewed attempts to further expand economic exploitation of the world's oceans.
FICCI aims to explore the idea of developing a business model for India’s economic engagement with the Blue Economy nations, prepare a roadmap for stakeholders’ consultations within India, followed by national and international level conferences, guide preparation of outcome reports in order to trigger public debate and policy review and integrate the desired business model with envisaged international cooperation in the field of Blue Economy.
FICCI has taken several initiatives to develop a business case for India’s engagement with Blue Economy.
BIMSTEC: Considering India’s enhanced focus on strengthening regional engagement in the grouping and to commemorate the 20th Anniversary of BIMSTEC, FICCI – as the apex industry chamber of India – took the important initiative to start a formal discourse among key stakeholders in BIMSTEC, define a vision and develop a roadmap for rejuvenating the grouping.
For this purpose, FICCI created, in April 2017, a Core Group of Experts on BIMSTEC, comprising thought leaders and experts from think tanks functioning under the leadership of Ambassador Rajiv Bhatia as the Chair and Mr. Vikramjit Singh Sahney as the Co-Chair to delineate a vision for the regional grouping over the next decade. Key stakeholders include MEA, industry (Mahindra & Mahindra, Suzlon Energy, Tata Motors, ONG Videsh, GMR Group, PTC India, NHPC India, Ltd and KEC International) and think tanks (RIS, CUTS, IDSA, NCAER, India Foundation, ORF). A BIMSTEC International Conference is scheduled to take place in 2018.
FICCI as the apex industry association of India has conducted a comprehensive survey to understand the perception, concerns and recommendations of Indian industry and important stakeholders with respect to India's engagement with BIMSTEC which will be released soon. FICCI organised a curtain-raiser coinciding with the 20th anniversary of BIMSTEC for a conference on the 6th of June 2017 titled "BIMSTEC: An Enabling Architecture for Growth, Prosperity and Partnerships" in partnership with India Foundation with the support of the External Affairs Ministry and the state government of Assam in Guwahati scheduled to take place in 2018.
SCO Business Council: Shanghai Cooperation Organisation (SCO) formally welcomed India and Pakistan as full members on 9th June 2017 at the SCO Summit. FICCI attended the SCO Business Council meeting that took place in Astana on 7 June 2017 as the designated Business Secretariat of the SCO Business Council. Government of India has designated FICCI to take on responsibility of the SCO Business Council as the Business Secretariat from India.
FICCI aims to build India’s SCO vision to strengthen intra-regional trade, enhance business opportunities within the region, build investments linkages, promote innovation cooperation and remove bottlenecks to intra-SCO trade amongst many others.