A study on CSR in the select Indian pharmaceutical sector

Abstract

India is among the top six global pharmaceutical producers in the world. Indian vaccines are exported to 150 countries. India produces 40-70 percent of the WHO demand for DPT and BCG and 90 percent of measles vaccine. This paper explores the CSR initiatives undertaken by the pharmaceutical sector in India. The study is based on secondary collected from seven pharmaceutical companies in India. The study reveals that the main trusted area on CSR is education followed by health. The question here is are they prepared for the mandatory CSR spending for the F.Y.2014-2015. No doubt they have been contributing towards the health care needs of the society. Again, pharmaceutical companies operate in the health sector have enough skilled manpower, they can conduct many health camps in rural areas. This will help them in their CSR contribution too.