Financial Daily from THE HINDU group of publications
Thursday, Apr 14, 2005
Financial Daily from THE HINDU group of publications Thursday, Apr 14, 2005 |
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Corporate
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Society & Development ONGC to launch CSR project next week Our Bureau
Kolkata , April 13 AS part of the President, Dr A.P.J. Abdul Kalam's Vision 2020, ONGC will launch its Corporate Social Responsibility (CSR) project on providing urban amenities in rural areas (PURA) on April 18. The project will start with a seed money of Rs 10 crore. ONGC, which spends 0.75 per cent of its net profit on CSR projects, will spearhead integrated economic development in roughly 50 villages in the oil or gas bearing areas of Tripura, Assam, Andhra Pradesh, Tamil Nadu, Gujarat and Rajasthan. ONGC has already floated a trust to take up PURA activities in collaboration with Nabard, The Energy and Resources Institute (TERI), Wartsila and Thermax India. To be flagged off from Maichara in Tripura on April 18, the project envisages supplying power to the villages covered using natural gas. Thermax India will help the company in developing the cold chain. The project also includes building village roads, healthcare facilities, vocational training institutes and others. Visualised by the President Dr A.P.J. Abdul Kalam, the PURA project aims at integrated development of six lakh villages in the country by 2020 through 50,000 development centres. Accordingly, the Centre had identified 5,000 villages for such integrated development in the next five years.
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