CSR has become a way of conducting business by which corporate visibly contributes to social good and integrates economic, environmental and social objectives with their operations and growth. It is a step forward for the organizations to become socially responsible corporate citizens.
VYTL vision is to pursue a corporate strategy that enables realization of the twin goals of shareholder value enhancement and societal value creation in a mutually reinforcing and synergistic manner.
Our mission is to be a committed Corporate Citizen alive towards Social Responsibility with a view to make a positive difference to society.
VYTL has been making positive contribution to the society in the form of its products and services in the field of yarns and threads since about last 10 years. With a growing realization in the organization to contribute more directly for the upliftment of the society, the interface with society has become multidimensional. Noteworthy contribution has been made in the field of education, vocational training for skill development and environment conservation. The common thread among all the aforesaid different fields is to focus on capacity building for long term sustainable impact on the society.
VYTL's initiatives towards CSR in the past includes contribution towards Capability Enhancement Training Programs, providing aid during disasters/natural calamities and energy saving and conservation of natural resources through environmental management etc.
The focus areas for selection of CSR projects of the Company are as follows:-.
To continue our endeavor for promoting education by Supporting various Government Schools/educational institutes/vocational training institutes, support to various colleges to deliver high quality education to students of all strata of society. It, inter-alia, includes various other initiatives such as grant of scholarships to deserving-needy students, computer education and supply of equipments to students and developing innovative teaching methods. These initiatives are to be taken primarily in the vicinity of Company's operations with a view to ensuring their long term sustainability.
To address issues around affordability and accessibility of quality healthcare and bring about improvement in awareness and health seeking behavior in the society, enabling a better living, through initiatives such as:
These initiatives are to be taken primarily in the vicinity of Company's operations with a view to ensuring their long term sustainability.
To protect environment and to sustain and continuously improve standards of Environment, Health and Safety through the collective endeavor of Company and its employees at all levels towards attaining world class standards. Also to contribute in conservation and development of natural resources including forest resources.
To encourage the development of human capital through skills development, vocational training programmes.
To contribute to development in rural areas near by unit of the Company and knowledge sharing and other social practices such as soil and moisture conservation and watershed management etc.
A review of the implementation of projects / activities approved and utilization of funds released to designated agencies will be undertaken by CSR Committee periodically to ensure compliance and efficient utilization of the funds for achieving the intended objectives.
The CSR Committee shall formulate and recommend to the Board of Directors, an Annual Action Plan for executing the selected CSR Projects on Financial Year basis and Annual Action Plan shall include the following details:
The CSR Committee may revise the Annual Action Plan from time to time as per requirements of the projects.
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