Prof. Satyajit Majumdar pointed to the prevalent view that Corporate Social Responsibility(CSR) is seen as the responsibility
of NGOs and not the common man. People fail to realize that the glorifying businesses that we see today did not actually start
aiming for profits. Rather, the driving force behind CSR was the legacy of connecting with the society. For instance, Mr.Jamshedji
Tata set up a steel plant, Mr. Kirloskar Vani started the first factory to support the farmers, providing them with farm tools,
equipments. All such initiatives were not to start a business, but to create the Indian ecosystem of serving. Today, the
paradoxical view is that heterogeneity is the pride of India. But farmers are migrating to urban areas due to lack of
mechanisation and unviable infrastructure. Farmer jobs are decreasing. All government growth initiatives are aimed at urban
development, turning a blind eye to the rural areas. Hence, an entrepreneurial view in the agriculture sector needs to be
promoted. The development paradigm needs to change. Inclusive development with convergence of philanthropy and corporate sector is
the need of the hour. We should go back and continue the legacy of connecting with society, redefining the relation between
social and economic values.
At the end, Prof. Satyajit Majumdar appreciated the SCIT ISR initiative and encouraged B-school students in the journey of
utilizing youthful energy to create new business models and sustainable systems. He offered to students of SCIT collaborations and
internship opportunities to the students with TISS for various social projects. Prof. Saravan felicitated Prof.Satyajit Majumdar
for his wise words that left a deep impact on SCIT students and inspired them to engage in social service.
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