India Inc to spend Rs 22,000 cr on CSR

48FIndia Inc will be investing around Rs 22,000 crore toward corporate social responsibility activities once the provisions of the recenly amended Companies Act making it mandatory for such allocationt get implemented, says consultancy firm Ernst and Young.

Given the mandate it is estimate theat nearly 16,500 companies will invest Rs 22,000 crore towards corportae social responsibility, vijay ganapathy form E&Y india’s advisory services said speaking at a seminar on CSR.