Corporate Social Responsibility- A study of Natco Pharma Ltd

Abstract

The concept of CSR is not new phenomenon in India, it has gained a great significance in business world over the decades. Corporate Social Responsibility is also termed as corporate conscience and corporate citizenship. The activities of CSR may vary from one organization to another depending on the availability of resources, nature and the environmental factors in which they are operating. Most of the businesses are integrating their business practices with social responsibilities for the sustainability and development in an empathetic way. The CSR practices benefit the environment, general public and even the company itself. Due to which CSR has become much significant in the business world. Therefore, it has become immense an important part of every organization’s focused organizations would proactively safeguard and promote the public interest by encouraging the growth and development of the community. NATCO PHARMA LTD is fast growing pharmaceutical company. The commitment towards CSR activities covering social, economic and environmental aspects has led to sustainable growth of the company. This paper focuses on the CSR practices and programmes taken up by NATCO for promoting the public interest and society's well-being.