India has a large number of government-owned corporations. They are called Public Sector Undertakings, or PSUs, in India. World Bank and South Asia Initiative are jointly engaging with PSUs this week in Mumbai.
The agenda includes discussing ways in which PSUs can make their CSR programs more productive.
The new Companies Act in India mandates companies to set aside a certain percentage of their net profits for CSR activities. That will make CSR an increasingly important part of the chief executive’s agenda at Indian companies. I feel PSUs can make meaningful contributions with their CSR programs.