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Wednesday 10 February 2016

Indian firms keen to expand social business

Star Business Desk
Top Indian business houses expressed their interest to expand social business, a brainchild of Nobel laureate Muhammad Yunus, in their country to fight social problems.
Indian businesspeople met Yunus in Mumbai at a daylong conference on Monday, Yunus Centre said in a statement.
Leading companies, including Tata, Boston Consulting Group, Mahindra, YES Bank, JP Morgan and Google, joined the session to create a forum that will implement an action plan for expanding social business.
The action plan will facilitate social business initiatives by respective corporate houses.
Yunus Social Business, India organised the session, according to the statement.
Prof Yunus appreciated the willingness of the Indian businesses to spend their mandatory CSR budget on social business to solve social problems in a sustainable manner. Pankaja Munde, minister of social welfare, poverty alleviation and women affairs, also participated in the conference. She said she would come to Bangladesh to see social business initiatives launched by Yunus.
Deepak Vasant Kesarkar, Maharashtra's minister of state for finance and rural development, welcomed Yunus in Mumbai and organised a meeting to discuss various programmes with him.
On February 6-7, Yunus took part, as a keynote speaker, in the annual “development dialogues” hosted by Deshpande Foundation in Karnataka.