- UP govt to discuss the issue with CSR heads of industries during the event
- Presentation of notable efforts of the industries being made for the society through 6 departments
By Our Correspondent
Lucknow: The Uttar Pradesh government headed by Chief Minister Yogi Adityanath will engage with CSR (corporate social responsibility) heads of industries during the upcoming Groundbreaking Ceremony@IV (GBC@IV) and encourage them to fulfil their responsibilities towards society. The conversation between Yogi government officials and the industrialists will take place on the second day of the three-day GBC@IV on February 20.
It is worth mentioning here Chief Minister Yogi Adityanath has always emphasized the need for the industrial sector to move forward and fulfil its responsibility towards society apart from addressing its business concerns.
The GBC@IV will be the largest so far and see implementation of 14,000 projects worth Rs 10 lakh crores in the presence of Prime Minister Narendra Modi, which will create employments opportunities for 33.50 lakh youth.
The Companies (Corporate Social Responsibility Policy) Amendment Rules, 2022 in India, links companies to their social responsibilities. Under these rules, companies have to spend at least 2 per cent of their average net profit for three financial years preceding the current financial year on initiatives related to social concerns. Most of the reputed companies spend crores of rupees addressing social concerns under the initiative.
The entire framework of the conference has been designed to establish collaboration between various departments of the Yogi Government and CSR heads of reputed national and international companies taking part in GBC@IV. During the conference, direct interaction will be established with CSR heads of corporations. This will give them the opportunity to gain insight into the impactful work done by relevant departments and consider providing funds to support charitable work.
Along with this, 6 departments of the government, including Women and Child Development, Basic and Secondary Education, Vocational Education and Skill Development, State Rural Livelihood Mission, Dairy Development Department and Sports Department will inform about various projects related to CSR in Uttar Pradesh. Besides, corporates will also be made aware of the steps being taken by the government as per CSR objectives.
Notably, more than 3000 participants, including eminent industrialists, representatives of Fortune Global/India 500 companies, foreign investor partners, foreign ambassadors/high commissioners and other distinguished guests will attend the GBC@IV. A three-day exhibition will also be organized from February 19 to 21 on the sidelines of the event.
