Corporate Social Responsibility: An Analysis of Pharmaceutical Companies

Abstract

India, now witnessing the new changes in corporate development and that is RESPONSIBILITY. It is never too late to understand that "what you received is what you give”.  Corporate social responsibility is not a new concept, but its adoption is new for India. Now in India, companies have started taking initiatives to meet various needs of society. The present study has focused on the status of the Corporate Social Responsibility in the pharmaceutical industry. The study conducted to analysis the implication of new the Companies Act, 2013 in pharmaceutical companies. The pharmaceutical companies need to think beyond the basic definition of CSR, as they are the one who directly deals with the health of the society.  The study concluded that the after new Companies Act, 2013 the pharmaceutical sector has become much more aware about their responsibility towards society, and taking initiative for making it better.