Job Creation: CRDA Eyes CSR Funds

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GUNTUR: In a move to push the economic growth engine of capital city area, the Capital Region Development Authority (CRDA) is inviting companies to invest on employment generation in the proposed capital city Amaravati.

CRDA has made an appeal to the companies to make use of the corporate social responsibility (CSR) funds to achieve overall economic and social development in Amaravati.

As per the norms of Companies Act, all firms, including public sector undertakings (PSUs) that make an annual turnover of above Rs 5 crore, should spend 2 per cent of their net profit on CSR. “We need to achieve overall economic and social development of the proposed capital city area as capital city construction is not mere construction of buildings and roads. Such development can be achieved with active participation of companies and NGOs” said CRDA commissioner N Srikanth.

Making an open appeal to the firms, Srikanth promised that all those who come forward to take part in the capital city construction will be treated as valued partners. Sources said CRDA came out with an idea to tap the resources of big companies for overall development of the area keeping in view of their keenness in taking up developmental projects in the area. “We can achieve sustainable economic growth only through considerable generation of employment” he felt.

IndiaCSR Community Initiative Awards Awards Logo (1)Construction majors and infrastructure giants from across the globe are eagerly waiting for the master plan publication as the actual work in the capital city is expected to begin only after the finalization of master plan by the state government. “It is a big opportunity to tap maximum resources from big firms. Unless we insist, they will not spend their CSR monies even if they bag contracts” said a senior CRDA official.

CRDA estimated that the seed capital city area has a population of 1.03 lakh in which about 30 per cent would be landless labourers and daily wagers. CRDA is planning to make every employable person to get a job or work by the time the capital city works are launched. In fact, CRDA is preparing a blueprint to train unskilled migrant labourers and make them earn more after the works of capital city commence.

Srikanth said the government is committed to building the new capital at international standards. “The master plan preparation of Amaravati city has been taken up by the government of Singapore and it is in the final stages.

The actual work kick starts from October as stated by the chief minister,” explained Srikanth. With the government setting the goal to complete the infrastructure development in Amaravati and seed capital construction within three years, CRDA sets its own agenda on creation of employment to the locals and migrants.

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