pawanruia-blog

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Ruia Group takes a step beyond statutory obligations to serve the country says

Corporate Social Responsibility is the continuing commitment by a business to contribute towards the economic development and improving the quality of life of the workforce and society at large. Ruia Group has always paid a great attention towards the betterment of the society, customers, employees, shareholders, communities and the environment in all aspects of its operations.

Beyond the statutory obligation to comply with legislation, the Ruia Group has taken huge steps to benefit the society. The group has time and again extended financial support to the unprivileged students for completing higher studies.

Ruia Group provides two-year scholarships to the students who pass secondary level exams, while students who pass higher secondary level are provided with three-year scholarships for hons students, four-year for engineering students and five-year scholarships for medical students.

As a part of chairman’s incentive scheme, the group has been extending financial support in various forms to the children of the workers and employees. Nearly 100 children are awarded by the group to honour their merit in education, sports, performing art and visual art.

Financial support is also extended to the children of the former or existing students for their urgent medical treatment. The chairman of Ruia Group, Pawan Kumar Ruia has also announced free tuitions for the students who score high in class VIII and IX .

Apart from the educational arena, Ruia Group also focuses in the field of games and athletics. The financial constraints of certain talented athletes are being managed by the company.

Broadening its social commitment, Ruia Group is providing medical benefits to the unprivileged people through its free health clinics. At this juncture, the group is operating 3 clinics – two at Sagardwip, South 24 Parganas and one at Ruia village, North 24 Parganas.

In 2006, Mr Pawan Ruia came to know about a village under Patulia Gram Panchayat in North 24 Parganas. He contacted the administration and devised a plan for a free health clinic. The authorities welcomed the initiativeand agreed to lend a supporting hand to all such activities.

Pawan Kumar Ruia established a free health clinic named after his father Sri Shyamlal Ruia in 2006, which was inaugurated by Ruia’s octogenarian mother P D Ruia. The group distributed food packets and clothes among the villagers.

During the Sagar Mela, Ruia Group also organizes a camp for the Sanyasis and ordinary pilgrims at Sagardwip every year. Hundreds of pilgrims are provided with food and shelter for five days.

Ruia Group has focused on the development of health and education in Kolkata. By developing a complete block in the Institute of Child Health near Park Circus, Ruia has completed his commitment. He has contributed for ensuring the proper functioning of a poverty-stricken school in Santoshpur and two free coaching centers in South Kolkata.

The Group also provides support to the Institute of Cerebral Palsy, which has been helping the children suffering from neurological disorder. Ruia Group believes that education and health are the two major aspects that can impact the future of a nation. Ruia Group Chairman wants all the children to follow the footsteps of Lalbahadur Shastri, the former Prime Minister of India, to serve the country in the years to come.

SOURCE: https://indiacsr.in/ruia-group-takes-a-step-beyond-statutory-obligations-to-serve-the-country/

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Focus On Resource Efficiency And Quality May Help Auto Sector Emerge Stronger From The Slowdown

India’s auto sector contributes nearly 50 per cent to the nation’s manufacturing GDP. The industry has always been considered as one of the biggest growth influencers, backed by an expanding economy, asserts Pawan Kumar Ruia, the chairman of Ruia Group. The industry exports have also expanded to various markets in the subcontinent, Europe and the US as well.

However, in recent time, the industry has been witnessing a rare slowdown. Some industry experts believe that the slowdown is temporary, while others are digging in for a long haul. Indian Auto sector is a vital module of the country’s economic growth, which makes the current slowdown more challenging.

At this juncture, the need of the hour is to concentrate on sustainability, while improving the operations to grab every opportunity in the coming months. The current slowdown may have raised many questions about the future of the automobile industry, but various industry experts like Pawan Kumar Ruia are upbeat about the future even amidst precarious situations. The optimism comes from the track record of the sector, especially in the last 4-5 years.

The auto industry's exports grew from $13.50 billion in 2017-18to $15.16 billion in 2018-19.The overall performance of the industry has always been on an upward curve, making India the fourth largest automotive market in the world.The recent drop in sales has impacted the growth trend of the sector, but it may find light at the end of the tunnel.

According to one of the industry experts, Pawan Ruia, the chairman of Ruia Group, the challenge at this juncture is to focus on the resource efficiency and quality of the products to emerge stronger once the slowdown is over. Enhancing operations and focusing on sustainability will be equally important.

The automobile industry had completely opened post liberalization. The global automakers went onto set up their bases in the country and a strong auto component manufacturing base was established as well. The localization needs of the OEMs (original equipment manufacturers) started to grow, asthe sector adopted the technological changes immediately, working in sync with the global practices.

However, the story of Indian auto sector is not only about the large manufacturers, but it is also about the smaller players, who've played a pivotalrole in shaping the industry. Thus, it remains to be seen if the small players can survive the slowdown and come out unscathed to make a decent contribution in the longer run.

SOURCE: http://news-standard.com/post/focus-on-resource-efficiency-and-quality-may-help-auto-sector-emerge-stronger-from-the-slowdown

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As per renowned industry experts, the sales are likely to decrease considerably as the festive season is over. However, some of them believe that the industry may gain from wait-and-watch approach.