Corporate Social Responsibility (CSR) has emerged as a powerful tool in contributing towards socio-economic development, Rusen Kumar, Founder of India CSR said.
Growing states like Chhattisgarh must promote CSR to drive the development works in less privileged regions, he added
“In Chhattisgarh, Companies are spending their CSR budget and enaging in community development activities. These efforts yield positive results. But this is an isolated approach. An integrated initiative is required to ensure government and corporates working hand in hand.”, Kumar said
“To achieve sustainable socio-economic development, Govt. of Chhattisgarh must invite financial, technical and knowledge contributions from Corporate, philanthropists, philanthropic organisations, national – international development organisations, and academic institutions to run and establish various development programmes for larger public good.”, he said.
“States have to play an important role in aligning their development agendas towards achieving Sustainable Development Goals (SDGs). Active participation of states with full of enthusiasm and robust action plan are very much essential in this regard. Chhattisgarh, a fastest growing state, blessed with the stable governance and strong political leadership has to play crucial role to lead in the path of SDGs.”, Rusen Kumar said.
Larger states like Maharashtra, Gujarat, Karnataka, Tamil Nadu, Andhra Pradesh and Delhi find significant presence of CSR. Eastern states including Chhattisgarh, Odisha, Jharkhand and Bihar, and states of North East region also require such support from CSR.
It is reported that, collectively, Companies have spent about Rs 13,000 crore during the year 2018-19 under CSR mandate.
In India, the concept of CSR is governed by clause 135 of the Companies Act, 2013. The CSR provisions within the Act is applicable to companies with an annual turnover of Rs. 1,000 crore and more, or a net worth of Rs. 500 crore and more, or a net profit of five crore rupees and more. The Act encourages companies to spend at least 2% of their average net profit on CSR activities. India is expecting annual CSR spending of Rs.15,000-20,000 crore to see the new law as an investment opportunity to create India a better place to live in.
The 2nd Chhattisgarh CSR Leadership Summit
The 2nd Chhattisgarh CSR Leadership Summit themed at ‘CSR Partnership for Sustainable Development Goals (SDGs) will be held on Feb 6, 2020 in Raipur at Hotel Babylon International. The Summit is being hosted by India CSR, the largest CSR network. The forum is an active participation in promotion of CSR in the state.
The summit aims to put forth the CSR agenda for Sustainable Development Goals (SDGs) in Chhattisgarh state.
The Summit will witness leaders from organisations – both profit and non-profit – has been contributing to socio-economic progress of the state and willing to contribute through Corporate Social Responsibility (CSR).
This daylong forum will discuss various contemporary socio-economic agenda. It is a humble invite to organisations to invest CSR in Chhattisgarh. We hope that the forum will play a crucial role in formulating a common goal among the CSR, Govt. and nonprofit organizations in Chhattisgarh for maximizing the benefit for society and opportunities.
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