National Council for Corporate Social
The Indian corporate sector has seen the current decade as a period of high growth
and the emergence of a strong India Inc. having a significant global footprint.
The decade also saw the financial crisis that shook the global markets. While the
corporate sector is recovering from the jolt of the global financial crisis, the
future is looking bright. However, the corporate sector is also standing in the
midst of a sustainability crisis that poses a threat to the very existence of business.
What we have before us is a cross-road where one path leads us to inclusive growth
and the other may lead to unsustainable future. However, the first path will require
careful nurturing for which all stakeholders need to assume and discharge their
We have seen the business sector generating wealth and value for the shareholders
in the last sixty years, but simultaneously we also have the problems of poverty,
unemployment, illiteracy, malnutrition etc. facing the nation. The corporate growth
is sometimes seen as widening the gap between the India and Bharat through its income
– skewing capability. This gap needs to be bridged. While the Government undertakes
extensive developmental initiatives through a series of sectoral programmes, the
business sector also needs to take the responsibility of exhibiting socially responsible
business practices that ensures the distribution of wealth and well-being of the
communities in which the business operates.
IBCHAM (Indian Business Chamber), in its endeavour to take up the CSR initiatives
in India and to encourage the role of corporate world towards corporate social activities,
has constituted a separate and dedicated National Council for Corporate Social Responsibility.
IBCHAM (Indian Business Chamber), believes that such initiative will bring substantial
improvement in total contribution by corporate and partnering them in national development.