UN GCNI & IL&FS held Stakeholder Consultation on Finding the Elusive Golden Ratio of Convergence under Corporate Social Responsibility on 1st February, 2017 in New Delhi

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UN Global Compact Network India in collaboration with IL&FS held Stakeholder Consultation on Finding the Elusive Golden Ratio of Convergence under Corporate Social Responsibility on 1st February, 2017 in New Delhi. The consultation was attended by 80 people representing NGOs, Civil Society Organisations, Corporates, SMEs, PSUs, Ministry and Private Institutions.
Mr. RCM Reddy, MD and CEO, IL&FS Education & Technology Services Ltd in his opening remarks highlighted the fact that Education and Digitization are two important components for India’s growth story. Creation of Education, Employability and Employment should be the agenda of the Government and that of CSR providers. Since education is at the core of development, he stated that convergence should be the key and that the partnerships and collaborations with the stakeholders should be thematic and convergence based. To create more employment opportunities, there are three issues that needs to be addressed which are i. Partnership with the Government is the key to initiate the impact. ii. Forging large scale partnership for the long-term impact. iii. Livelihood opportunities to create employment.
Further, Dr. Uddesh Kohli, Senior Advisor, United Nations Global Compact (UNGC) in his opening address stated that UN Global Compact Network India is the leading platform of convergence for potential partnerships and collaborations. He stressed upon the fact that in terms of partnership the objective should be clear and government bodies should be keen in providing the support to the corporates and there should be a framework for reporting of CSR activities.
The consultation also saw representations from corporate, UN Bodies, Private institutions which included DLF Foundation,YES BANK, The Asia Foundation, Vedanta Foundation, UNDP and GIZ respectively for facilitating a framework for development under CSR by private groups and fostering prospects for private sector to gain access to policy making.