Bangla Nobel winner seeks help to seed social business ventures

GN Bureau | September 7, 2015



Nobel prize winner Mohammed Yunus of Bangladesh,  has invited the Indian companies to be partner with his organisation to start social business and to address social issues without profit motive.

Yunus Social Business India, a part of his social business initiative is in talks with various corporates on this kind of initiative. speaking in an event organised by Tie Chennai, he said, "Today I am here to pitch in with you all for social business here."

When asked whether his organisation is doing social business in India, and whether there are joint ventures, he said, "We have talked to a few companies. But the actual work has not been started yet."

Aarti Wig, country director, Yunus Social Business said that the organisation has established a fund and has so far invested in around seven small businesses in India. Yunus Social Business Fund Mumbai (YSBFM) was established and has been offering funds from the year 2011.

However, the organisation has conducted a scope study with US-based shoe company Toms Shoes, which donates one pair of shoe for every shoe gets purchased from the company. It currently distrubutes around 2 million shoes in India as part of philanthropy.

Comments

 

Other News

3% of medicines are of poor quality: Survey

 More than three percent of medicines in India are ‘Not of Standard Quality’ (NSQ) and 0.0245 percent spurious, reveals a survey report on drugs quality by the ministry of health.  The survey carried out by National Institute of Biologicals (NIB), Noida found that out of the

BEL unveils new weapon system for MBT Arjun tank

 Bharat electronics limited (BEL) has launched a new weapon control system — Remote Controlled Weapon Station (RCWS) / Air Defence Weapon Station (ADWS) for 12.7 mm gun of MBT Arjun Mk II battle tank during recently concluded Aero India 2017 in Bengaluru. The new weapon control system

Sasikala camp in talks with OPS faction

 The Sasikala camp is in talks with the O Panneerselvam (OPS) faction and they are trying to win them over, says an AIADMK insider. Negotiation have started between the main AIADMK, which is with Sasikala, and the splinter group that is supporting former chief minister OPS. The party insider

Stories to read over the weekend

On October 1 last year, Mehtab Alam Ansari, 30, who worked as a tailor in Delhi, had arrived in his village, Chepa Khurd in Barkagaon tehsil of Harazibagh district, to celebrate Eid with his family. That morning, he was nearing Dadi Kalan, a neighbouring village, to meet an acquaintance when he hea

ONGC to invest of Rs 7,327 cr for five projects

  State run enterprise oil and natural gas corporation limited (ONGC) has decided to invest Rs 7,327 crore to develop five projects to produce oil and gas. The decision was taken in its 290th board meeting held on February 23. The projects include development of R-Series fields, incl

Shiv Sena may again ally with BJP

The civic election results could well have long term implications in Maharashtra’s politics, with the Bharatiya Janata Party (BJP) doing dramatically well and the Shiv Sena failing to get a simple majority.   The Shiv Sena won 84 seats, while the BJP bagged 82 seats. Th

Video

Digital Transformation Summit

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter