Xavier of Institute of Social Service (XISS), one of the institutions helped by Tata Group, remembered Bharat Ratna JRD Tata on his 109th birth anniversary, his contribution in shaping Tata Group and increase in philanthropic activities of the company.
In the inaugural speech, Director XISS Alex Ekka shed light on Tata’s objective behind liking itself with an educational institution, which is dissemination of ideas, thoughts through seminars and lectures. Interestingly, Tata Group is one of the oldest companies practicing corporate social responsibility (CSR) in India. “CSR is not a new thing for us,” said D Mohanty, Head Rural Services, Tata Steel adding “we have done a lot of work in the field of HIV-AIDS and are collaborating with many organisations besides providing funds to them.”
Addressing the gathering, chief guest Yogendra Singh, Professor Emeritus, JNU endorsed the kind of capitalism practiced by Tatas and termed it rational as well as ethical as against the prevalent and popular form sometimes referred to as crony capitalism. Singh said, “Tatas form of capitalism exhibited concern for the State as well as the people.”