Lt Gen KJ Singh, GOC-in-C, Western Command, Chandimandir, on Friday called upon industry to partner with Indian army in its corporate social responsibility (CSR) initiatives mandated by the Companies Act, 2013, which makes it mandatory for large-scale companies of various categories to spend at least 2% of their profits for CSR activities.
He was addressing the industry, civil society organisations (CSOs), institutes, academicians and NGOs at the CSR-CSO Bridge 2014, organised by Confederation of Indian Industry (CII), at its headquarters in Sector 31, on Friday.
“It is learnt that around 8,000 Indian companies will fall in this category and it is expected to raise around `25,000 crore for CSR activities. The Indian army will be a strong contender to get a good share out of this huge amount in order to continue its social initiatives such as building schools, skill building, hospitals, providing infrastructure support, micro hydel projects even at areas where civilians cannot reach,” Lt Gen KJ Singh said.
He also shared the details of Army Welfare Placement Organisation, northern region, so that industry can collaborate easily. Harpal Singh, chairman, Nanhi Chhaan Foundation and Mentor Chairman Emeritus, Fortis Healthcare Ltd, said: “It’s high time now when government, NGOs and corporates should take a lead in terms of taking CSR to next level as national agenda. To see the actual implementation of CSR in our country, we need to develop good corporate citizenship.”