NewKerala.com

Telangana CM Revanth Reddy Calls CSR a Partnership for Social Impact

Telangana Chief Minister A Revanth Reddy emphasized that Corporate Social Responsibility (CSR) spending should be viewed as a partnership for social development, not merely an expense. He urged companies to ensure their funds deliver maximum impact in priority sectors like education, healthcare, and water conservation. The government has appointed a Special Chief Secretary to streamline CSR coordination, enabling companies to channel funds effectively. Corporate representatives welcomed this coordinated approach, with several groups already committing significant funds for educational development.

Key Points: Telangana CM Revanth Reddy on Maximising CSR Impact

  • CSR as partnership, not expense
  • Focus on education, healthcare, water
  • Govt appoints Special Chief Secretary for CSR
  • Corporates commit funds for development
  • Coordinated approach welcomed
2 min read

CSR spending delivers maximum impact, meaningful outcomes: Telangana CM Revanth Reddy

Telangana CM Revanth Reddy urges corporates to partner with govt, directing CSR funds to education, healthcare & water conservation for maximum impact.

"Companies can work with the designated official to channel funds into priority areas - Chief Minister A Revanth Reddy"

Hyderabad, April 8

Telangana Chief Minister A Revanth Reddy on Wednesday emphasised that contributions towards social development must be viewed as a partnership rather than an expense.

He made these remarks during a meeting with representatives of various corporate companies to discuss the effective utilisation of Corporate Social Responsibility (CSR) funds.

The Chief Minister urged companies to ensure that their CSR spending delivers maximum impact and meaningful outcomes. He stated that the state government is prioritising key sectors such as education, healthcare, and water resource conservation. At the same time, he encouraged companies to choose sectors of their interest and invest CSR funds accordingly.

Highlighting the importance of collaboration, the Chief Minister said that joint efforts between the government and the corporate sector can help shape Telangana's students into globally competitive professionals. He described spending on education as a long-term investment in future generations.

Pointing out that nearly 44 per cent of the state's student population resides in Hyderabad, he stressed the collective responsibility of ensuring access to quality education. He also advised companies to allocate a significant portion of their CSR funds to the development of areas where they operate, as they benefit from local infrastructure.

The Chief Minister noted that in the absence of a structured mechanism for CSR utilisation so far, the government has appointed a Special Chief Secretary to streamline coordination. "Companies can work with the designated official to channel funds into priority areas such as education, healthcare, water resources, skill development, heritage conservation, and environmental protection," he added.

He appreciated leading corporate groups, including Raheja Group and Ramky Group for committing ₹50 crore each, and Yashoda Foundation for pledging Rs 10 crore towards educational development.

Corporate representatives welcomed the initiative, stating that they had not previously been approached in such a coordinated manner regarding CSR contributions. They expressed interest in supporting school education, healthcare infrastructure, and preservation of heritage structures.

The meeting was attended by representatives from major corporate and institutional bodies, along with senior government officials and public representatives.

- ANI

Share this article:

Reader Comments

R
Rahul R
Good initiative, but transparency is key. Appointing a Special Chief Secretary is fine, but we need a public dashboard to track which company gave how much and where it was spent. Otherwise, it's just another government scheme where accountability gets lost. Hope they implement this with full public oversight.
S
Sarah B
As someone working in the development sector in Hyderabad, this structured approach is welcome news. The 'partnership' mindset, rather than just treating CSR as a compliance checkbox, can unlock so much potential. Focusing on local areas where companies operate makes perfect sense – it creates shared value.
K
Karthik V
Finally! A clear direction for CSR. Companies like Raheja and Ramky committing 50 crores each is a great start. I hope a significant portion goes to skill development and vocational training, not just formal education. We need to create job-ready youth, especially in tier-2 and tier-3 cities of Telangana.
M
Meera T
Happy to see heritage conservation mentioned! Hyderabad has such a rich history beyond just Charminar and Golconda. CSR funds can help restore many lesser-known monuments and create awareness. This, along with education and healthcare, shows a holistic vision for development. Good job, CM sir.
A
Aman W
The focus on Hyderabad because 44% students are there is understandable, but I hope districts like Adilabad, Khammam, and Nalgonda get equal attention. Development should be balanced. Companies with operations in those areas must be encouraged to invest there first.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50