Union Minister for Corporate Affairs, Dr. M. Veerappa Moily today said that the Centre will soon unveil the National CSR or Corporate Social Responsibility Plan. Addressing the 3rd National CSR Conclave in Mumbai today, Mr. Moily said that the plan will link the development of corporate sector to the growth of India’s common man. Calling upon the business class to bridge the gap between the country’s haves and the have-nots, Mr. Moily said that business involvement in social welfare and development has been a tradition in India.

Mr. Moily said that business community with its vast resources can work with different communities to bring about an inclusive and sustainable future for all. He added that the challenges of poverty, illiteracy and malnutrition among others need to be addressed through suitable efforts and innovative solutions partnered by state and non-state actors.

Elaborating a close relationship between business and society, Dr. Moily said that business must consider the fact that with a dynamic CSR culture, society will benefit and when society benefits, investors also benefit.

Referring to the Global economy and CSR Dr. Moily said that Indian economy is considered the world’s ninth largest by nominal GDP and the fourth largest by purchasing power parity. He added that lately the Indian corporate sector has seen a period of high growth and has established a significant global footprint.