Published On: Sat, Aug 6th, 2016

Incorporate CSR into business practices: ICC

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Bhubaneswar: For companies those which are doing business in India, for them corporate social responsibility (CSR) should not only as a part of their social responsibility but must add it to their business practices. Government must work towards to incorporate CSR into business strategies which allowed increased competitiveness among companies that leads the society towards more inclusive economy said Mr. Aditya V Agarwal, President, Indian Chamber of Commerce & Director-Emami Group. csr
State Industry minister Debi Prasad Mishra inaugurates the 3rd CSR conclave 2016 organised by Indian Chamber of Commerce (ICC). He said that CSR must be integral part of business practices of different companies so that many people benefited out of that kinds of developmental works.
Welcoming the dignitaries ICC president Mr. Agrawal said that, “In Odisha lots of initiatives on CSR have already undertaken by big corporate like MCL, Nalco, Tata Steel and Vedant. MCL has contributed Rs 61.30 crores towards CSR initiatives. Tata steel has contributed 59.61 crores and Vedant ltd has spent 24.05 crores.
In world scenario, countries such as Sweden, Denmark, Finland, Iceland, UK, Norway, New Zealand, Ireland, Australia, Canada, Germany, Netherlands, Switzerland, Belgium, Singapore, Austria, Frances, USA, Japan and Hong Kong fared well in responsible competitiveness index that looks at how countries are performing in their efforts to promote responsible business practices. In case of India though there has been a paradigm shift in the way CST is dealt by companies, there is still a long way to go for country to catch up with its global peers, said Mr. Agrawal.
Odisha the first state in India to release white paper on CSR, According to finance minister of India 460 companies have spent 8,347.47 crores towards CSR works.
In this event Manikanta Naik, Chief Resident Executive, TATA Steel, Dr. P P Mathur, Vice chancellor, KIIT University, B K Thakur, Director-HR , NALCO, Y B Khurania, IPS Commissioner of Police, Government of Odisha and Dr. Rajeev Singh, Director General, Indian Chamber of Commerce Government of Odisha also present and delivers their address.

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