Kerala should improve its industrial relations to attract
investments, according to R K Somany, president, Employers'
Federation of India and chairman of Hindustan Sanitary
Ware and Industries Ltd. ''I'll think twice before setting
up a unit in Kerala. The frequent hartals and bandhs are
troubling the industries here,'' Somany said, while addressing
a news conference in the city.
companies have tried to incorporate 'Corporate Social
Responsibility' In to their business strategy and this
is clear evidence that companies are becoming more socially
responsible, Somany said.
speaking at a seminar on Corporate Social Responsibility
(CSR) organised by the Cochin Chamber of Commerce and
Industry here, Somany said that such integration suggests
that the companies benefit from new opportunities, improved
performance and reduced hazards in making their operations
viable and more sustainable.
have also realised the importance of CSR and in recent
years the scope of social responsibility by corporates
has widened,'' Somany said. N R Pai, president, Employers'
Federation of Southern India and president, Cochin Chamber
of Commerce and Industry, P C Cyriac, former secretary,
industries, Tamil Nadu, V B Cherian, senior trade union
leader and Sharad S Patil, secretary general, Employers'
Federation of India, also highlighted thje loss to the
state due to the industrial relation situation.
were also made by Tata Tea Ltd, KSE Ltd and Kudumbasree
on social responsibility by corporates. The Kudumbasree
focussed on the Kerala experience by the Kudumbasree units.
Patil, another leading industrialist, said that the service
showing signs of taking its roots in the state. Commenting
on the election results, the industrialists felt that
the country's economic growth would not be affected by
whichever government comes into power at the centre.