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Download - School of Management, KIIT University

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Indian Railway’s Renewed Vision: Inclusive and integrative growth through....<br />

35<br />

will continue to keep its service focus<br />

on the underprivileged and the poor,<br />

even as it expands its services for the<br />

more fortunate. It will cater to the needs<br />

<strong>of</strong> the people across geographies and<br />

income strata as well as ethnic, religious<br />

and social diversities. It will better<br />

connect centres <strong>of</strong> commerce and<br />

industry, places <strong>of</strong> pilgrimage, historical<br />

sites, and tourist attractions, as also<br />

ports to hinterland. Railways also must<br />

reach the remote and underserved<br />

areas <strong>of</strong> the country to bring them into<br />

the national mainstream <strong>of</strong><br />

development”. As outlined precisely in<br />

the VISION 2020 report, IR has four<br />

strategic national goals:<br />

• Inclusive development, both<br />

geographically and socially;<br />

• Strengthening national integration;<br />

• Large-scale generation <strong>of</strong><br />

productive employment; and<br />

• Environmental sustainability.<br />

Though railways have been playing<br />

the role <strong>of</strong> an agent <strong>of</strong> cultural and socioeconomic<br />

catalyst since ages, <strong>of</strong> late it<br />

has realised its greater role <strong>of</strong> a conduit<br />

<strong>of</strong> inclusive and integrative growth. So this<br />

paper intends to evaluate the aspects <strong>of</strong><br />

inclusive growth potential <strong>of</strong> IR under<br />

conducive environment which is socially<br />

and economically acceptable, with<br />

emphasis on the transport need <strong>of</strong> the<br />

poor not only by reduction <strong>of</strong> travel cost,<br />

but also through other holistic<br />

approaches.<br />

1.1 Corporate Social Responsibility<br />

In the “Corporate Social<br />

Responsibility Voluntary Guidelines”,<br />

2009 (Corporate Social Responsibility<br />

Voluntary Guidelines, 2009 Ministry <strong>of</strong><br />

Corporate Affairs, India Corporate<br />

Week,Dec,14-21) http://www.mca.gov.in/<br />

Ministry/latestnews/CSR_<br />

Voluntary_Guidelines_24dec2009.pdf, it<br />

is emphatically conveyed to corporate<br />

India to voluntarily adopt CSR. The<br />

guideline is a forward-thinking, affirmative<br />

move by the government as is evident from<br />

its view that “CSR must not be seen as<br />

philanthropy and, in fact, needs to be<br />

merged with core business vision and<br />

goals.” So we can underscore the fact that<br />

Indian Railways have opened up in the<br />

right direction to achieve a holistic growth<br />

status in the near future.<br />

1.2 CSR - A synonym to Sustainable<br />

growth<br />

Quoting our former President A P J<br />

Abdul Kalam at an CSR award function<br />

organised by industry body Assocham<br />

(Ref:-Corporate Social Responsibility<br />

should be sustainable: APJ Abdul<br />

Kalam, PTI Dec 20, 2012, 10.29PM,<br />

IST, http://www.assocham.org/) “CSR if<br />

it is implemented with sustainability as a<br />

focus, then it enhances business<br />

sustainability, provides new opportunities,<br />

develops customer loyalty and improves<br />

stakeholder relationship,”. He added<br />

“sustainability has assumed greater<br />

importance as it directs towards<br />

conservation <strong>of</strong> the environment and

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