The Institute hosted a Roundtable Meeting on ‘Explore and Grow: CSR Partnership’ in Mumbai on 16 December 2021, hosted CSR Heads and showcased the Institute’s high-quality, technology-driven CSR work.
The Indian Institute of Technology Madras is actively collaborating with industry and corporate bodies to become the core of the country’s technology-driven CSR activities. In recent years the Institute has collected almost Rs. Over 200 crore, high-quality, technology-driven CSR projects for CSR projects from more than 140 leading corporates are being implemented across India.
Technology Drive works towards creating CSR activities, IIT Madras hosted a roundtable meeting in Mumbai entitled ‘Explore and Grow-CSR Partnerships’. The event focuses on the emerging trends in India’s CSR – the use of technology to bring about change in the soil. The evening witnessed the active participation of corporate leaders from various industries.
Hosted by Corporate Decision Maker and CSR Heads, the session included panel discussions by renowned expert faculty from IIT Madras on socially relevant projects from Institute Research. The panels explored key issues such as affordable healthcare, sustainable urban infrastructure development, algorithms for real-world problem solving, and the revolution in the edu-skilling space, as well as wonderful solutions to these problems that uniquely capture technology.
Addressing the industry leaders, Professor Mahesh Panchganula, Dean (Corporate and Alumni Affairs), IIT Madras, shared, We are very proud of our students and our alumni who are engaged in the development of technology that will transform the India of tomorrow. IIT Madras is solving tomorrow’s problems. “
Further, Professor Mahesh Panchganula said, “India is committed to achieving specific SDGs (Sustainable Development Goals). CSR is in the best position to solve tomorrow’s problems and meet tomorrow’s needs. Come and join us and help make our ideas and solutions a reality. “
All grants made to IIT Madras are 100 per cent tax exempt under 80 (G) of the Indian Income Tax Act, without any limit. Under Section VII of the Companies Act, 2013, contributions to IIT Madras are treated as CSR expenses.
Furthermore, NSE Foundation CEO Rema Mohan said, “CSR plays a catalytic role in ensuring that socially relevant low-cost solutions are developed and scaled. The NSE Foundation addresses critical issues such as air pollution and septic tank cleaning through mechanical solutions and has worked closely with IIT Madras to create measurable solutions. Today’s IIT Madras CSR Connect was an eye-opener and truly informative about the scope of work undertaken by the Institute. “
The Office of Institutional Advancement (OIA) at IIT Madras actively manages IIT Madras alumni grants, converting them into endowments, supporting new state-of-the-art infrastructure and providing scholarship assistance to needy, deserving students. OIA is committed to working with alumni and corporates on a variety of CSR projects and other philanthropic initiatives with a focus on creating transformative social impact.
Commenting on the corporate world response to IIT Madras projects, Kabiraj Nair, CEO, OIA, IIT Madras, said, . Many organizations are interested in funding upstream research for social development projects as part of their CSR initiatives, the results of which are socially relevant and transformative. “
Nachiket Deshpande, Chief Operating Officer, Larsen & Toubro Infotech (LTI), added, “Our focus is to use this technology to better connect people in remote areas of India.”
Highlighting their collaboration with IIT Madras, Usha Bandawasi, Director-Finance and CFO, Portscap India Pvt. Ltd., said, . We are impressed by the progress made in both cases. As a company, our core values are to deliver exceptional value to the community and society and to drive innovative solutions to save, improve and enhance lives. Our partnership with IIT Madras reflects our core values and we look forward to furthering the initiatives that enliven our corporate and CSR philosophy. “