Business Daily from THE HINDU group of publications
Wednesday, Feb 13, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Feb 13, 2008 ePaper | Mobile/PDA Version |
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Corporate
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Society & Development States - Other States ‘Business houses should take social responsibility beyond profits’
Mr Rajan Bharti Mittal ,MD, Bharti Enterprises receiving Lakshmipat Singhania IIM Lucknow National Leadership award (Business ), on behalf of Mr Sunil Bharti Mittal, from the President, Ms Pratibha Patil in the Capital on Tuesday. Also seen is Mr H.S. Singhania, Chairman, JK Organisation. — Our Bureau New Delhi, Feb. 12 Companies should look beyond profits and must invest in the well being of the society as well. Science and technology, community services and social upliftment are also the other aspects of the corporate world which represent a holistic approach, the President, Ms Pratibha Devisingh Patil, said here on Tuesday. Asking companies to develop a self-imposed code of conduct, the President observed that corporate governance and responsibility have a key role as the industry grows. “A set of principles voluntarily agreed to by the business world and corporate houses in India could be developed into a self-imposed code of conduct,” Ms Patil said addressing a function to present the fourth Lakshmipat Singhania-IIM, Lucknow National Leadership Awards here. “While, undoubtedly, carrying out business is the basic function of industry, there is a constant need to use better methods of production and innovative technologies to improve productivity. Industry should extend support to scientific and research institutions to retain the cutting edge,” she said. The President said people will have to be encouraged to become entrepreneurs and Indian Institute of Managements should focus on promoting entrepreneurship and related skills that can make medium and small enterprises successful and also provide such enterprises various support services, particularly business development services. Ms Patil asked companies, especially those in the communications field, to generate awareness among their customers about the need for getting children immunised, prevent child marriages and female foeticide or reminding them the due date for payment of their taxes. The awards were conferred on Bharti Group Chairman, Mr Sunil Bharti Mittal (Business), Atomic Energy Commission head, Mr Anil Kakodkar (Science and Technology) and Akshay Pratishthan Founder, Ms Aruna Dalmia (Community Service). In the ‘Young Leader’ category, the award was given to Subhiksha MD, Mr R. Subramanian, scientist Mr Atish Dabholkar and National Association for Blind Director Mr Dipendra Manocha. Those present on the occasion included the Union HRD Minister, Mr Arjun Singh. More Stories on : Society & Development | Other States
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