JAIPUR: Consumer Unity and Trust Society (CUTS) is launching a two-year project on ‘Business Regulation and Corporate Conduct’ (BRCC Project, www.cuts-ccier.org/BRCC) through a meeting on 21st April 2011 in New Delhi.
The main goal of this project is to explore ways in which industrial promotion or business development can be undertaken in the country in a sustainable manner, so that the benefits (economic, environmental and equitable) accrue to the society at large.
Rijit Sengupta, Associate Director of CUTS International told to INDIACSR that the first activity of this project would be to gather inputs from various stakeholders of how business development and corporate conduct can co-exist in India.
The Indian economy is the second largest growing economy after China. Indian economy has been propelled by the liberalisation policies that have been instrumental in boosting demand as well as trade volume.
The opening up of Indian economy has led to free inflow of foreign direct investment (FDI) along with modern cutting edge technology, which propelled India’s economic growth. Deregulation of Indian economy has played a big role in the impressive growth of private sector, however to ensure that steep growth continues and benefits all segments of society, it is important to further iron out regulatory bottlenecks for the private sector and to promote culture and values of being ‘A Responsible Corporate Citizen’.
CUTS International through its various interventions aspires to make economic progress in India, efficient, inclusive and responsible. It is our endeavor to create an environment and capacity in India to foster growth that is hurdle-less and well integrates elements of sustainable development. It is with this goal in mind that CUTS has designed this project.