Re:Why India's rich don't give their money away
by signal11 on Wednesday April 03, 2019 @02:49AM
(#19561309)
Besides Premji, who is mentioned in the article, the Tatas have several charitable efforts[1,2] on top of their known (past?) involvement in setting up institutions of higher education like TISS and, I think, IISC.
I haven’t had a chance to research this, but I suspect other Indian companies will have similar CSR (Corporate Social Responsibility) programmes — i.e. they are funnelling their charity through their businesses?
Also many Indian businesses are “family run” (Premji is an exception I believe), so there’s some value in retaining ownership as it’s passed on to their children.
[1] http://www.tatatrusts.org/
[2] https://www.tatasteeleurope.com/en/sustainability/communitie...
I haven’t had a chance to research this, but I suspect other Indian companies will have similar CSR (Corporate Social Responsibility) programmes — i.e. they are funnelling their charity through their businesses?
Also many Indian businesses are “family run” (Premji is an exception I believe), so there’s some value in retaining ownership as it’s passed on to their children.