Anant G. Geete, Union Minister of Heavy Industries and Public Enterprises will be inaugurating a three-day long CSR Fair from today (May 4-6, 2017) at Hall no. 11 Pragati Maidan, New Delhi. This mega event is being organised by The Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises; PHD Chamber in collaboration with ONGC, to provide a platform to all stakeholders, including Central Ministries/Departments, CPSEs/State PSUs, Private Companies, NGOs/Foundations etc. to showcase their CSR activities, sharing of their best practices and also an opportunity to connect with other stakeholders.
The uniqueness of this event lies in the activities as there will be:
- Three days of dedicated information packed sessions on CSR
- Never before opportunity to meet Who’s Who of CSR
- Personalized solutions from CSR experts
- Innovative case study presentations of successful CSR interventions by the leaders
- Side Events: Exhibition by all stakeholders, including Central Ministries/Departments, CPSEs/State PSUs, Private Companies, NGOs/Foundations etc.
- Launch of CSR Compendium, it will be an exhaustive review of success stories of CSR initiatives of CPSEs/State PSUs, Private Companies, NGOs/Foundations etc.
The objective of fair is to provide a leading platform to corporate leaders, organizations, implementing agencies and business experts to identify practical solutions for the problems concerning the participatory implementation of CSR projects at the ground level. Besides, this is to brainstorm a way forward to integrate CSR into core business values of the corporate houses, and to give an opportunity to network and build mutually enriching strategic relationships with various stakeholders and key partners.
On this occasion the success stories of creative and innovative CSR interventions will be shared and the stake holders will also be sensitized about leveraging CSR for competitive advantage.
The importance of this event is in the light of sequences after the introduction of the Companies Act as it has changed the CSR landscape in India by putting in place-legal provisions that have had a domino effect that includes better informed and sensitized stakeholders, and a development sector that has begun to align itself to accepting CSR funds from corporates. In the realm of Business Sustainability, SEBI has mandated Business Responsibility Reporting for top 500 listed companies based on their market capitalization from April 1, 2016. This move is an effort to improve corporate governance practices and transparency in terms of reporting of socially responsible activities carried out by the business houses.