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@4 and encourage them to fulfill their responsibilities towards society.
The conversation between the Yogi government’s officials and the industrialists will take place on the second day of the three-day GBC@4 on February 20.
Chief Minister Yogi Adityanath has always emphasised the need for the industrial sector to move forward and fulfill its responsibility towards society apart from addressing its business concerns.
The GBC@4 will be the largest so far and see implementation of 14,000 projects worth Rs 10 lakh crore in the presence of Prime Minister Narendra Modi. These projects will create employment 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 two 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@4. During the conference, direct interaction will be established with the 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, six departments of the government, including Women and Child Development, Basic and Secondary Education, Vocational Education and Skill Development, State Rural Livelihood Mission, Dairy Development and Sports, will inform about various projects related to CSR in Uttar Pradesh. Besides, the corporate will also be made aware of the steps being taken by the government as per CSR objectives.
Notably, more than 3,000 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@4. A three-day exhibition will also be organised from February 19 to 21 on the sidelines of the event.
