New Delhi: Diversified industrial manufacturing company, Ingersoll Rand, has spent Rs 2.18 crore during the FY 2018-19, more than the prescribed 2% Corporate Social Responsibility (CSR) expenditure of the company.
The company continues CSR initiatives which focus on providing education, healthcare & sanitation, conservation of environment, livelihood and furthering sustainability.
As defined in the CSR Policy, 5% of the CSR budget is kept aside every year for supporting unforeseen emergencies and natural disasters that leads to mass destruction.
The massive flood in Kerala this year was declared a calamity of a severe nature by the Central Government.
The company supported in restoration and refurbishment of two Government Schools at Thondernadu and Edavaka Gram Panchayath of Manthavady taluk, in Wayanad district of Kerala.
The intervention led to a positive impact for 677 students and their families, providing an avenue to continue education and build a better future.
The CSR Policy of the company details out the philosophy that drives CSR interventions in country along with the approach to deliver solutions that help improve lives in the community.
The company also focuses on skill development and job creation which aims to help the unemployed youth to imbibe skills and be economically independent.
Through partnership with National Skill Development Corporation (NSDC), the company committed to train 1,100 youth by making a contribution of approximately Rs 2.2 crores.
Over 675 candidates have been trained till date with 81% of them are successfully placed and over 290 women were provided economic independence till date.
By conducting certain courses under the healthcare and automotive sectors with 48% women participation till date, the project has brought together numerous stakeholders and created a productive synergy between them.
Training will continue according to the National Skills Qualification Framework (NSQF) with optimum combination of theory teaching (manuals) and practical training (labs).
The initiative, undertaken in collaboration with NSDC and National Skill Development Fund is one of the major focus areas for corporate citizenship in the country.