GIPE-PUNE-OIIOI2 - DSpace@GIPE

260 RATIONALIZATION IN INDIAN BUSINESS ENTERPRISE
in the near future, thereby economizing on a rational basis
the credit resources of the country. 27
Finally, among the rationalizing processes ane!
factors may be mentioned the federalization movement
among the chambers of commerce fupctioning in India.
There is, in the first place, the organization known as the
•• Associated Chambers of Commerce of India and
Ceylon" which represents the combined interest of the
different chambers which are both European a~d Indian
or rather preponderantly European in membership. In
1927 there has been established another commercial
federation with the object of establishing co-operation
between all those chambers of commerce which are exclusively
Indian in personnel and policy. This is known as
the .. Associated Indian Chamber of Commerce. "28
:Although this federalization idea among the Indian. chambers
may be traced back to 1913 it has got a fillip because
of the International Chamber of Commerce with headquarters
at Paris 'and other international economic
organizations of the post-war epoch. As a conscious
member of the •• world-economy " the Associated Indian
Chamber bids fair to be a strong formative force in the
rationalization of Indian commerce and commercial intelligence.
27 ,The Memorandum of Written Evidence of the 'Bengal National
Chamber of Commerce 8ubmiUed to the Indian Central Bank.ing Enquiry
Committee .(Calcutta. 1930). pp, 23.32; Sarkar:. 'Banken und Bankiers im
heutigen Indien" (Bank.wi •• en.chaft~ Berlin 1931).
28 'The Federation of Indian Chambers of Commerce' in· Sarkar:
Greetings to Young India, (Calcutta. 1927), Vide the present author's
~Aspetti e Problemi della moderna Economia Indiana' (Annali di Economia.
Milan. 1930),