Bengal Chamber of Commerce and Industry

Last updated

Bengal Chamber of Commerce and Industry
Formation1853;170 years ago (1853)
Type Non-governmental trade association
Legal status Foundation
Purpose Policy advocacy
Headquarters Kolkata, India
Region served
South Asia
Official language
English
Key People
Mr. Abraham Stephanos, President; Mr. Subhodip Ghosh, Director General
Website www.bengalchamber.com
Formerly called
Calcutta Chamber of Commerce

The Bengal Chamber of Commerce and Industry is a non-governmental trade association and advocacy group based in West Bengal, India. It is the oldest chamber of commerce in India, and one of the oldest in Asia.

Contents

Established in 1853, finding its origin in 1833–34, it is the only such institution in India. [1]

The organization has its headquarters at the former Royal Exchange in B. B. D. Bagh, Kolkata, which was once the residence of Lord William Bentinck, the first Governor-General of India.

Membership

The members include corporations and industries of all sizes, professionals, divisions of large multinational corporations and service industry organizations. The corporate members are drawn largely from the sectors of agriculture, engineering, textiles, leather, fast-moving consumer goods and customer services, and are not confined to West Bengal and the Eastern Region, but are from all over India. [1]

History

The Bengal Chamber of Commerce was founded in 1853, replacing the former Calcutta Chamber of Commerce, which was merged into the new organization. At the outset, it had eighty-six members in Calcutta and eighteen others. Its objects included [2]

On 30 November 1857, as a result of the Indian Mutiny, the Chamber appealed to the Government of India to send "a force of Europeans, either sailors or soldiers" to defend Akyab, as it considered the Arracan Battalion not to give enough protection. It was concerned about "the safety of the inhabitants and the security of the public treasury". The Secretary to the Government replied on 2 December, regretting that "there is no European force available at present." [3]

In 1876, at a time when silver was falling in value, chiefly due to the opening of new mines in the United States, the Bengal Chamber of Commerce was so concerned that it proposed that the Government of India should suspend the coining of silver. The Economist of 5 August 1876 reported that

The Chamber of Commerce of Bengal have resolved "that it is expedient for the government to suspend clause 19 of Act 23 of 1870, which makes it obligatory on the Indian Mint to receive all silver tendered for coinage... and that during such suspension it be unlawful to import coined rupees. [4]

The Chamber and its business were greatly disrupted by the partition of India and the partition of Bengal in 1947, with West Bengal becoming part of the new Dominion of India and East Bengal going to the Dominion of Pakistan. Despite this, changes in the Chamber were later described as "slow and incremental". New businesses joined the Chamber, and its first Indian President of the new era was elected in 1958. It developed from a gentlemen's club of able merchants whose chief concern was with trade into a modern organization with as much concern for industry as for trade. Whereas the officers and committee members had previously been the owners of capital, they were now more likely to be professional senior managers. [5]

Notable people

James Lyle Mackay, later first Earl of Inchcape, was elected president of the Chamber in 1890, and Ernest Cable in 1903, [6] followed by Sir Apcar Alexander Apcar KCSI from 1904 to 1907. Archibald Birkmyre (1875–1935) was vice-president, and John Jardine Paterson was President in 1966. [7]

In 2004, O. P. Jindal (1930–2005) was awarded the Chamber's Lifetime Achievement Award for his outstanding contribution to the Indian Steel Industry. [8]

List of presidents

Prime Minister Jawaharlal Nehru with then President of the chamber H.D. Cumberbatch in January 1948. Prime Minister Jawaharlal Nehru with H.D. Cumberbatch on the occasion of the former's address to the Associated Chamber of Commerce, Calcutta.jpg
Prime Minister Jawaharlal Nehru with then President of the chamber H.D. Cumberbatch in January 1948.

Notes

  1. 1 2 Welcome to the Bengal Chamber Web Site at bengalchamber.com, accessed 5 January 2011
  2. The Cyclopedia of India: biographical, historical, administrative, commercial, vol. 1 (1907), pp. 230-233
  3. Accounts and papers of the House of Commons, 245
  4. Walter Bagehot, The collected works of Walter Bagehot vol. 4, p. 568
  5. Stanley A. Kochanek, Business and politics in India (University of California Press, 1974), pp. 119-121
  6. Who's Who for 1926, p. 444
  7. 'Jardine Paterson, Sir John (Valentine)', in Who Was Who (A. & C. Black, 1920–2008), online edition by Oxford University Press, December 2007, accessed 5 January 2011
  8. O. P. JINDAL: THE MAN OF STEEL WHO COULD TALK TO MACHINES Archived 2010-12-19 at the Wayback Machine at jsw.in, accessed 6 January 2011

Related Research Articles

The Apcar family is an Armenian family originally from New Julfa in Isfahan, Persia. After moving to India they became prominent in commerce and industry. Later members were involved in the practice of law and the legislature.

<span class="mw-page-title-main">Imperial Legislative Council</span> Legislature issued in the British Raj (1861–1947)

The Imperial Legislative Council (ILC) was the legislature of the British Raj from 1861 to 1947. It was established under the Charter Act of 1853 by providing for the addition of 6 additional members to the Governor General Council for legislative purposes. Thus, the act separated the legislative and executive functions of the council and it was this body within the GG council which came to known as the Indian/Central Legislative Council. In 1861 it was renamed as Imperial Legislative Council and the strength was increased.

<span class="mw-page-title-main">James Mackay, 1st Earl of Inchcape</span>

James Lyle Mackay, 1st Earl of Inchcape,, known as Sir James Mackay from 1894 to 1911, was a British businessman and colonial administrator in India who became Chairman of the Peninsular and Oriental Steam Navigation Company ("P&O") and founded Inchcape Retail Ltd.

<span class="mw-page-title-main">The Bengal Club</span> Social club in Kolkata, India

The Bengal Club is a social and business club in Kolkata, India. Founded in 1827, the club is the oldest social club in India. When Kolkata was the capital of British India, the club was considered to be the "unofficial headquarters of the Raj". The club is nowadays known for its old-world ambience and patronage among contemporary social and corporate elites, and is among a small number of Indian clubs featured in the elite list of the "Platinum Clubs of the World".

The 1937 Coronation Honours were awarded in honour of the coronation of George VI.

The Diamond Jubilee Honours for the British Empire were announced on 22 June 1897 to celebrate the Diamond Jubilee of Queen Victoria on 20 June 1897.

Sir John Valentine Jardine Paterson was a Scottish businessman whose career was mostly in India.

<span class="mw-page-title-main">1926 Indian general election</span>

General elections were held in British India between 28 October and late November 1926 to elect members of the Imperial Legislative Council and the Provincial Legislative Councils.

<span class="mw-page-title-main">Apcar Alexander Apcar</span>

Sir Apcar Alexander Apcar was a wealthy Armenian businessman in Calcutta, India. His family had made their fortune in the opium trade with China. He was president of the Bengal Chamber of Commerce, sat on the Imperial Legislative Council, and in 1903 was knighted. He owned a racehorse stud, and for several years was the leading figure in the Indian racing world.

Apcar and Company was a firm founded in 1819 in India that engaged in shipping, import and export. The most profitable trade was in opium, shipped from India to Hong Kong and the Pearl River. The Apcar Line also carried Indian and Chinese laborers for work in Malaya and Singapore. The line was sold to the British India Steam Navigation Company in 1912.

Jardine, Skinner and Company was a trading company based in Calcutta, India. It was founded in 1825, initially dealing in textiles. Later it branched out into opium, tea, timber and petroleum. The company was closely associated with Matheson & Company of London and Jardine Matheson & Co. of Hong Kong.

The New Year Honours 1909 were appointments by King Edward VII to various orders and honours to reward and highlight good works by members of the British Empire. They were announced on 5 January 1909.

The 1924 New Year Honours were appointments by King George V to various orders and honours to reward and highlight good works by members of the British Empire. They were published in The London Gazette on 1 January 1924.

The New Year Honours 1921 were appointments by King George V to various orders and honours to reward and highlight good works by members of the British Empire. They were published on 31 December 1920.

The New Year Honours 1920 were appointments by King George V to various orders and honours to reward and highlight good works by members of the British Empire. They were published on 1 January 1920 and 30 March 1920.

The Queen's Birthday Honours 1900 were announced on 23 May 1900 in celebration of the birthday of Queen Victoria. The list included appointments to various orders and honours of the United Kingdom and British India.

Sir Alexander Robertson Murray was a former President of the Bengal Chamber of Commerce.

The New Year Honours 1903, announced at the time as the Durbar Honours, were appointments to various orders and honours of the United Kingdom and British India. The list was announced on the day of the 1903 Delhi Durbar held to celebrate the succession of King Edward VII and Queen Alexandra as Emperor and Empress of India. The membership of the two Indian Orders were expanded to allow for all the new appointments.

The New Year Honours 1906 were appointments by Edward VII to various orders and honours to reward and highlight good works by members of the British Empire. They were published on 1 December 1905 and 2 January 1906.

The 1911 Delhi Durbar was held in December 1911 following the coronation in London in June of that year of King George V and Queen Mary. The King and Queen travelled to Delhi for the Durbar. For the occasion, the statutory limits of the membership of the Order of the Star of India and the Order of the Indian Empire were increased and many appointments were made to these and other orders. These honours were published in a supplement to the London Gazette dated 8 December 1911.