Development of communities is not an obligation but an
ambition and guiding principle for Vardhman Textiles,
said company Vice-Chairperson and Joint Managing
Director Suchita Oswal Jain, who revealed that her corporate
group has spent about Rs 21 crore on Corporate Social Responsibility (CSR)
activities this year and also listed contributions made in fight against the
In an interview with crowdteck.com, Jain, who is also the chairperson of the CSR committee of Vardhman
Holdings Ltd, said, “We focus on enhancing the well-being of communities
that host us. With a structured approach and a professional team, our CSR
activities have touched several lives. Vardhman has made significant
contributions to education, sustainable livelihood, healthcare and sanitation.”
The joint MD of the largest textile
manufacturing company in India, with an annual turnover of over 1 billion
USD, said this year in particular, amid the COVID-19 pandemic, the
company has invested Rs 10 crore in uplifting healthcare infrastructure, Rs 7
crore in Vardhman School Development Program and over Rs 4 crore in other
initiatives like rural development and disaster management funds.
“The most significant aspect of our
initiatives is that we analyse the need and act accordingly. Development of
communities is not an obligation at Vardhman, it is rather an
ambition”, Jain said.
Jain said as part of the company’s CSR activities, they
have been able to set up and augment physical infrastructure across many
government schools, including setting up of classrooms, toilets, desks, water
purifiers and other such arrangements which ensure that children and teachers
focus only on education and don’t worry about health issues.
She said that as a major CSR initiative, Vardhman
Textiles has undertaken training of economically backward students, providing
disaster relief support and organising blood donation camps, among other
things, over the years to help the needy sections of the society.
Asked to list out activities undertaken to help those
affected by the coronavirus outbreak and the resultant lockdown, Jain said the
Vardhman group has contributed in relief work and mitigation measures
in Punjab, New Delhi, Himachal Pradesh, Madhya Pradesh and Gujarat .
She said that besides distributing masks and necessary
medical equipment at various government hospitals, they have contributed a sum
of Rs 7.5 crore to Central and state government funds dedicated to managing the
“We have also provided testing machines, masks,
sanitizers, bed-sheets, pillows and PPE kits to various regional and local
hospitals, along with rations kits and other grocery materials for old age
homes of Ludhiana, Bhopal and to the economically backward people in Baddi
(Himachal Pradesh) during the lockdown. In addition, we also set up a COVID-19
mobile sample collection kiosk,” she said.
When asked if corporates should stick to CSR limitations
in accordance with the law or if they could go above the stipulation of
spending 2 per cent of the average net profit of a company, Jain said, “Our socio-economic initiatives are
need-based and we ensure that they are sustainable. For instance, by
constructing the classroom blocks at government schools, we aim at building
continuous opportunities for students to gain knowledge in an enabled
environment year after year. We feel the 2 per cent stipulation of the CSR act
is more of a guiding principle.”
She added that corporations should invest in CSR as per the need of the
hour and analyse the requirements of the society and that corporates are here
to build a community and serve the nation to the best of their abilities. “We
have never chosen to take up these initiatives so that we get a pat on our back
from the government. Rather, it is always about the strong attachment we have
for the community that we serve and we don’t leave any stone unturned for the
upliftment of them, she said.”
Asked to comment on the long-term vision of the company,
Jain said she was working towards supporting capacity building in healthcare
and education to ensure accessible, affordable and effective services for all.
“We are not just here to earn profits. We want to give back and make the
society a better place to live in. Therefore, we focus and work on identifying
projects, genuine projects, and contribute to them regularly,” she said.
By: Murtuza Merchant