What is the Full form of CII?
CII full form is Confederation of Indian Industry. CII is a non-profit, non-governmental organization founded by advising and consultative developers to foster the development of India’s industry and civil society. It was established in 1895 and has over 8,000 members from both the public and private sectors.
The focus of the CII is on policy problems with the government. India’s financial-policy changes advanced thanks to CII’s efforts. During the 1991 economic liberalization, CII played a crucial role in dismantling India’s and the rest of the world’s formidable security barriers.
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History of CII
- In 1895, representatives of the Bengal Chamber of Commerce and Industry from five engineering firms established the EITA (Engineering and Iron Trades Association).
- The EITA was renamed IEA in 1912 to reflect the organization’s mission to eliminate traders from representation and advance the cause of producers.
- EAI (Engineering Association of India) was founded in 1942 as an associate of the Indian Chamber of Commerce to encourage engineering enterprises owned by Indians.
- In 1974, IEA and EAI were merged to form the AIEI (Association of Indian Engineering Industry).
- The AIEI was renamed the CEI (Confederation of Engineering Industry) in 1986 to reflect the organization’s development.
- In 1991, an industrial regulation was removed. The CEI was renamed the Confederation of Indian Industry (CII) on January 1, 1992, in accordance with the Indian government’s objective to liberalize economic growth.
The aims of CII
CII engages in a variety of activities to achieve its primary purpose of fostering the growth of the Indian business sector.
- To honor and support the contribution of Industry to India’s economic prosperity.
- Increase the engagement of businesses with society.
- To provide current information to Government and Industry.
- Industry’s efforts to increase efficiency, the environment, and consumers are supported.
- Facilitating the globalization and integration of Indian industry into the global economy.
- Dealing with small businesses needs to increase their efficiency.
