Kathmandu, May 24
With an aim to
strengthen the field of Corporate Social Responsibility (CSR) and foster
cooperation between Nepal and India, Bifcap Nepal organised an Indo-Nepal CSR
Summit in the capital on Friday.
Speaking at the
summit, Deputy Speaker of the House of Representatives, Indira Rana Magar,
noted that CSR funds in Nepal have not been spent effectively, and corporate houses
have not paid enough attention to this area.
She emphasised
that CSR programmes could have a significant impact and benefit many Nepali
communities. "We are debating on forming a CSR policy. Corporate
communities also need to debate this. CSR is not just about money; it is also a
business duty and social service," she said.
Ravi Kumar Rayavaram,
Vice President of the Nepal India Chamber of Commerce and Industry and Managing
Director of Surya Nepal, suggested that collaboration in CSR among Surya Nepal
and other large Nepali corporations could contribute to sustainable
development.
Member of
Parliament and former Minister of State at the Ministry of Finance, Uday Shumsher
Rana, suggested the corporate sector to collaborate with the local governments
to implement effective CSR programmes.
Manoj Regmi, CEO
of Bifcap Nepal, announced that funds generated from the CSR Summit would be
used to provide financial literacy to 400 entrepreneurs in three districts of
eastern Nepal: Bhojpur, Khotang and Solukhumbu.
He also revealed
plans to host an Asia CSR Summit next year.
Representatives
from various Indian organisations participating in the summit sessions
highlighted the need to make CSR modalities more effective to establish
significant social service programmes in society.
Published in The Rising Nepal daily on 25 May 2025.
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