India Inc needs more time to spend meaningfully

Many corporates evaluating the various key areas for CSR activities

This varies from the need for more time to identifying the right CSR activity to longer implementation period for certain projects.

Idea Cellular, that has not spent on CSR in 2014-15, has stated that being a preparatory year for the implementation of CSR policy, the company was in the process of evaluating the various focus areas. It has identified some key projects, which will be executed during the current fiscal year 2015-16.

Hero MotoCorp too, which spent only about five per cent of its mandated amount, expects to see a huge spend on CSR in the current fiscal, after spending the last fiscal in drafting a robust plan. HCL Technologies, that also spent less than one-tenth of its requirement, stated that it has identified areas. These projects currently at their initial stages will gain momentum and scale up..............Read more


Source: Business Line

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