MSME Social Responsibility in India: Changing Perspectives

Book ID: ISED-225

Book Type: Soft Copy

Description

"Responsible business practices have gained an unprecedented role and relevance in modern business. For the planners and the policy makers, it gives an opportunity for a look back on the qualitative aspects of enterprise development, rather than confining on sheer numbers. ‘Responsible business’, as an essentially global concept, need to gain stronger and deeper attention in India for a variety of reasons. It provides an opportunity for having a closer look at the way business is done, as also opportunities and constraints attached to global value chains. While the role of the individual firm in this regard may be limited, at the cluster level, the potential is much greater. However, following the announcement of the ‘National Voluntary Guidelines’, much has not happened on the practical side in order to nurture a culture of ‘responsible business’ among MSMEs in the country. There is the imperative for developing a practical approach, which will enable the Indian MSMEs to perform better in the global value chains."