CSR as Corporate Requirement in India Shows Increased Investment
Mandated CSR in India continues to show increasingly promising results. The latest figures report a 47% rise in CSR spending in 2016-17, compared to 2014-15, when the legislation requiring that large Indian companies and multinationals doing business in India contribute 2% of gross revenue to CSR became law. The majority of the funds—32%— have been directed to educational projects, according to the Economic Times, with much of that amount pointed to the enhancement of teachers’ capabilities rather than on infrastructure. Healthcare projects received 17% of CSR monies. Another sector that showed increasing funding was technology startups. An intriguing development is that companies are focusing on cluster-based development models to make sustainable impact in specific regions. The experiment continues . . . .
John Howell, Editorial Director