Inviting CSR funds of Indian Industries for S & T interventions of CSIR-CLRI to augment socio-economic benefit to the society
The Government of India has allowed corporate India to use their mandatory Corporate Social Responsibility (CSR) spending for investments in publicly-funded incubators and contribute to research efforts in science, technology, medicine and engineering at major institutions and bodies. This 2% CSR fund of average net profit of companies over the last three years can be spent on incubators funded by Central or State Government or any agency or Public Sector Undertaking of Central or State Government, and, making contributions to public funded Universities, IITs, National Laboratories and Autonomous Bodies (established under the auspices of ICAR, ICMR, CSIR, DAE, DRDO, DST, MEITY) engaged in conducting research in science, technology, engineering and medicine aimed at promoting Sustainable Development Goals (SDGs).
It is a matter of pride for the business entities to participate in the national development by investing in ethical and transparent way to contribute positively towards the growth as well as welfare of the society. This investment in national development plays a critical role in enabling the society to operate effectively. Considering that we are presently in a knowledge based society, an investment towards R & D as well as S & T interventions is expected to lead to a very high degree of social empowerment, economic development and environment compliance.
The broad scope of work of CSIR-CLRI, research directions of the institute and the potential areas of S & T interventions inviting the CSR funds of corporates for the socio-economic and environmental benefit of the society are detailed.