British companies are expected to contribute around £100 million per annum to corporate social responsibility (CSR) activities in India with new amendments to the Indian Companies Act.
This was the outcome of a round table meeting that Minister of State in the Department of Foreign and Commonwealth, Hugo Swire, and leading representatives of British businesses held in India.
“Corporate social responsibility is embedded in the UK’s corporate culture and we have a great deal of experience and knowhow in this sphere that could be translated into the Indian environment,” Richard Heald, CEO of the UK India Business Council, told The Hindu .
