After ordering state-run Public Sector Enterprises to contribute to social causes, the Gujurat Government in its new industrial draft policy `mandates' CSR for industry associations and corporate houses.
AHMEDABAD: After ordering state-run Public Sector Enterprises to contribute to social causes, the Gujurat Government in its new industrial draft policy `mandates' corporate social responsibility (CSR) for industry associations and corporate houses in the state.
The new draft policy, likely to be released soon, says corporate houses would be allocated developmental activities in sectors like health, education and environment based on the size and scale of their industrial operations in respective talukas, villages or districts.
It would be mandatory for the companies to appoint a designated officer as Director for CSR activities. A committee consisting of Director, CSR (of the company), officer from District Rural Development Authority (DRDA) and officer nominated by the district collector would be constituted for the purpose, the draft stated.
Earlier, the government had directed the six state-run PSEs to contribute 30 per cent out of the annual profits to Gujarat's socio-economic development and make provisions for the same as part of their CSR activities.
Principal Chief Industrial Adviser to the state government R J Shah said, "A presentation of the new industrial draft policy has been made before Chief Minister Narendra Modi. Now it's up to the state government to finalise it and take a final decision on its declaration."
The committee would decide activities, monitor the progress of it and also allocate funds of the corporates and government, the new industrial policy stated.
Corporates would have to support nutritional programmes in villages, enhance capacities and reach of NGO services. It would also provide support for developing comprehensive logistics system and maternal child health (MCH) programme, it added.
Gujarat Chamber of Commerce and Industry's Deputy General Secretary Bipin Patel said, "The CSR proposal in the new industrial draft policy for the corporates and industry associations on Public Private Partnership (PPP) model could be a win-win situation for both."
With the participation of industry, the credibility of the government-run ITIs or institutions can be enhanced, and simultaneously a skilled workforce tailor-made to corporate demands can also be prepared, he added.
GCCI President Rupesh Shah said, "The chamber has urged the state government to make one more presentation of the new industrial draft policy."
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