In an endeavor to promote CSR in India, Hugo Swire, FCO Minister of State, welcomes contribution of UK firms to Indian CSR.
Hugo Swire, Minister of State in the Department of Foreign and Commonwealth, hosted a roundtable with some of the UK’s top businesses in India at the British Business Centre in Gurgaon to discuss their work on and contributions to Corporate Social Responsibility (CSR) initiatives in India.
The Minister toured the newly opened British Business Centre – established to provide facilities to support UK companies interested in entering the Indian market, and also heard from more than a dozen of the UK’s top businesses about how the Companies Act 2013, is helping to promote CSR in business and how UK companies are helping to contribute to India’s prosperity agenda.
“The Companies Act will have a profound impact on the CSR landscape, and I am delighted that British companies are working closely with Indian business and developing partnerships to help share UK expertise in this area”, said Swire.
British companies are expected to contribute around £100 million per annum to CSR work in India under the Companies Act. The wide range of work and initiatives already being undertaken emphasises that we are here as a long-term partner with India, working in support of India’s goals and objectives”.
Richard McCallum, Managing Director, UK India Business Council India said, “We are pleased to host the Minister at the UK India Business Centre and a roundtable on CSR, which is a topical and important issue in India today. We are also delighted to sign a MoU with the British Business Group (BBG) in Delhi, which will enhance our ability to jointly support British companies looking to enter or expand into the Indian market. I am excited by the prospect of working much more closely with BBG Delhi.