By Rusen Kumar
MUMBAI: Book, titled ‘Corporate Social Responsibility in India: Cases and Development after the legal mandate,’ authored and edited by Nayan Mitra, Dr. Rene Schmidpeter (Dr. Juergen Meyer Endowed Chair of International Business Ethics and CSR, Cologne Business School), published by Springer International Publishing, Switzerland is now available.
The Book brings together policy makers, practitioners, researchers, consultants in its pursuit to give to the world the Indian CSR view and experiences.
It was first launched at the Industrie-und Handelskammer zu Koln (Chamber of Commerce) in Cologne, Germany on August 1, 2016 by Springer; then, on September 2, 2016 at the Imperial Hotel, New Delhi by Dr. Bhaskar Chatterjee, the then Director General and CEO of the Indian Institute of Corporate Affairs (Ministry of Corporate Affairs).
Dr. Chatterjee and Nayan has 2 joint chapters in the Book and he has also authored the foreword, where he writes, “This is indeed a first of its kind book and marks a watershed in the journey of CSR. It is an extremely important contribution to the body of knowledge in the area of CSR and Corporate Goverance in emerging economies that is driven by a completely different set of challenges, opportunities and requirements from that of developed economies.”
This book provides a comprehensive overview of Corporate Social Responsibility (CSR) in Indian corporations following the 2013 legal mandate on corporate spending of profits for CSR.
Bringing together authors hailing from diverse walks of life, the book pursues a ‘hands-on’ approach, with real-world case studies and examples that help the reader feel the dynamic pulse of India immediately after the ratification of the CSR mandate in the Companies Act, 2013.
The Act is expected to affect over 16,300 companies with an estimated flow of approximately 200 billion Indian rupees into the economy every year, thus shaking the foundations of business and society and impacting the country at multiple stakeholder levels.
As a result, India is likely to become the birthplace of social, economic, and environmental transformation through financial investments in CSR! In order to insightfully reflect on this transition, this book has been divided into three parts.
The first part presents the CSR mandate and its implications, while the second focuses on its implementation and the third part provides a view on the way forward. The book helps to reveal the various layers of CSR in an emerging economy like India and is expected to spark debate, discussion and research among policy-makers, consultants, academics, practitioners and other stakeholders the world over, which will further expand its contribution to CSR literature and open up new vistas in CSR research.
“The Book (Corprorate Social Responsibility in India: Cases and Development after the legal mandate) that documents the CSR environment post the mandate in India was launched in Cologne (Germany), and has found its way among other international CSR Books. Needless to say, it has met with a lot of interest and success worldwide.”, said Nayan, co-editor.
(Rusen Kumar is editor at India CSR)