Home / Knowledge / News / Textiles / Chemical sector most active in CSR activities: ASSOCHAM

Chemical sector most active in CSR activities: ASSOCHAM

08
Jun '09
Indian conglomerates engaged in sectors such as chemical, FMCG and textiles have been most active in taking up corporate social responsibility during 2008-09, as revealed by ASSOCHAM Eco Pulse study.

According to ASSOCHAM Study “India Inc. and CSR areas”, 300 Indian companies that have been grouped under 18 broad sectors based on their economic activity, the maximum initiatives have been undertaken by almost 74 companies engaged in chemical sector, contributing a share of 12.11 per cent. The 62 companies in FMCG and consumer durable are placed at second position with a CSR initiative's contribution to be 10.15 per cent. The textile sector with 53 companies occupied third place with effective CSR initiatives, contributing a share of 8.57 per cent, among others.

The 300 corporate houses on an aggregate have identified 26 various theme areas for their CSR initiatives.

Releasing the study, ASSOCHAM President, Mr. Sajjan Jindal said that out of the total 26 activities, community welfare perceived to be the top priority area on the corporate sector's list with a share of 21.93 per cent. It involve activities that focus more towards the under-privileged community that lives around the vicinity of company plants, facilitating education and health care and supporting projects that lead to employment generation.

The second most sort CSR initiative followed by Indian industrialist is towards providing education and enlightening the youth of the country. CSR initiative for education carved out a share of 19.64 per cent. The corporate sector helps in imparting education to the deprived kids in the urban areas along with the children from rural areas that do not have any access to medium of information. They provide funds that help in setting up local schools, colleges and centers for learning and education.

Since, global warming is the buzz word now-a-days, Indian corporate sector has initiated their efforts to preserve and save it. Thus, environment is the third most prioritized area undertaken in CSR activities, with a share of 17.02 per cent. CSR projects in this area deliver solutions that are both environmental and business friendly, providing financial benefits as well as improving the firm's image as an environmentally-aware company.

The fourth most popular area, that corporate sector get involves in is the health care. They offer mobile medical services with medical help along with organizing regular medical camps to eradicate diseases, creating awareness on preventive health care among others. Among the 26 various CSR initiatives, health carved out a share of 15.22 per cent.

The Indian conglomerates are equally extending their support in the development of the rural areas. They are providing both financial and infrastructural assistance towards agriculture, animal husbandry, cottage industries by developing local skills, using local raw materials and helping create marketing outlets. Thus, it is the fifth most prioritized area under CSR initiatives contributing a share of 6.06 per cent.

The 300 Indian industrialists has focused their CSR activities across 20 states/UTs, out of which, Maharashtra received maximum attention for initiating their CSR activities with a share of 35.68 per cent. It is followed by Gujarat (11.62 per cent), Delhi (9.66 per cent), Tamil Nadu (9.17 per cent) and Andhra Pradesh (7.04 per cent) among others.

ASSOCHAM


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 19th Aug 2019

Hanoi considers safeguards for apparel sector under CPTPP

Vietnam's ministry of industry and trade is drafting a circular to...

Pic: Shutterstock

Textiles | On 19th Aug 2019

Swedish TMAS helps members quickly react to market changes

The Textile Machinery Association of Sweden (TMAS) offers member...

Pic: NRF

Retail | On 19th Aug 2019

July sales for clothing down 1.6% y-o-y in US: NRF

Sales for clothing and clothing accessory stores were down 1.6 per...

Interviews View All

Shawn Honeycutt, Bolger & O'Hearn

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Jurgen Gauger, Spreadshirt

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Top executives, Machinery Company

Top executives
Machinery Company

We will promote latest technologies at ITMA Barcelona

Kuldeep Pareek,

Kuldeep Pareek

Italian company Schoch Reeds has been producing high-quality weaving reeds ...

Sugandha Bhardwaj,

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Farheen B Rahman & Priti Jain,

Farheen B Rahman & Priti Jain

Founded by business-designer duo <b>Priti Jain and Farheen Rahman</b>,...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search