IMC Milestones

1956

Chamber represented to the Government that its approach to policy formulation in the 2nd Five Year Plan is unduly influenced by ideological considerations rather than the needs and requirements of the economy at that stage of development.

1957

President of India Dr. S. Radhakrishnan visited IMC-1957.

Shri Jawaharlal Nehru, Prime Minister of India, is received at the chamber premises by Shri Naval H. Tata, President of IMC -1958
Golden Jubilee celebrations of the Chamber launched by the Prime Minister 
Pandit Jawaharlal Nehru.

1959

The Economic Research and Training Foundation (ERTF) set up with a view to promoting research on economic matters of topical interest.

Felicitations to Sir Purshotamdas Thakurdas by Shri Lal Bahadur Shastri, Union Minister for Commerce & Industry, Chief Guest, at 51st Annual General Meeting held on 16th February, 1959 to mark the announcement of his donation of Rs. 5 lakhs to the IMC Research and Training Foundation

1962

IMC extended full support to the Government in mobilizing resources for defence and in working for containing inflation
 during the Indo-China war.
Prime Minister Jawaharlal Nehru visited the Chamber in 1962.
Finance Minister Morarji Desai visited the Chamber.

1964

Prime Minister Lal Bahadur Shastri visited the Chamber in 1964.

1965

India attacked by Pakistan. IMC takes the initiative to collect sizeable funds for the National Defence Fund as the Chamber’s contribution.

1966

Devaluation of the rupee - Chamber pointed out that it would not benefit Indian exports, as the demand for traditional exports was inelastic and non-traditional exports were facing shortages and higher prices of raw materials and components.

1967

Prime Minister Mrs. Indira Gandhi inaugurated Diamond Jubilee celebrations as also the F E Dinshaw Library of the Chamber.

Chamber instituted Endowment Trust Awards, covering important facets of business life and research in science and technology in various industrial fields.

Ladies’ Wing of the Chamber established with a view to encourage ladies from the families of the members of the Chamber to develop their personality, achieve their true potential and play a meaningful role in the task of nation building.

Smt. Indira Gandhi is seen inaugurating the F.E. Dinshaw Commercial and Financial Reference Library. She is flanked by Dr. R.C. Cooper, President, IMC, Shri Babubhai M. Chinai (M.P.) and Shri Bhawanji A. Khimji. Smt. Indira Gandhi inaugurated the Diamond Jubilee Celebrations of the chamber on December 9, 1967.

1971

President of India  V. V. Giri visited the Chamber.
Shri V.V. Giri, President of India, addressing the gathering on the occasion of the banquet on 18-8-1971

1974

Prime Minister Mrs. Indira Gandhi visited the Chamber.
President of India V. V. Giri visited the Chamber.
Smt. Indira Gandhi is seen at a meeting organised by the chamber on 28 December, 1974.