Off Grid Solar Industry in India: Part of a Research Dissertation

Taking a look at the current rate of fossil fuel-based power, it is fairly not practical to exchange solar power system. Nonetheless, with the growing concern on the state of the earth, there is really a should find various other means of power other than just what nuclear power plant are making use of right now. Where do you place on your own?

The organization’s strategy plan for any gaps in social responsibility that might be potential risks to internal and external stakeholders is challenging, but this company certainly does not allow for corruption. On April 1 “India has become the only country in the world with legislated corporate social responsibility (CSR) and a spending threshold of up to $2.5 billion (Rs 15,000

The company's responsibility is not just to make a profit. More accountable to stakeholders. Care about the company's interests. You can do some CSR to increase your profit. Instead of wasting money on CSR.

Corporate Social Responsibility (CSR) is something that affects all companies and should be an active factor in the company’s decision making. It is something all corporations need to care about. CSR is when business’ or corporations take part in an initiative or campaign for a cause that will benefit society and/or in some way make the world a better place (Taylor, 2015). Initially, Corporate Social Responsibility started to take shape around the 1950’s, but some say that it dates all the way back to the 1800s, the idea of CSR was seen (Carroll, 2007). One may think that because it is dated so long ago, it doesn’t have an important impact today nevertheless, it is proven that Corporate Social Responsibility is a pathway for entities to self benefit as they are in the process of benefitting society.

Solar is quickly becoming a popular project to take on. Not only does it help save the environment, but it can also help save money for businesses and homes that elect to make the switch to solar. However, completing a solar project is expensive and it is important to look for ways to promote efficiency of the install and of the system itself.

A companies Social Responsibility plays an important part setting the tone to the business community. It is the voice to the public and the positive or negative view the public has in mind when the companies name is mentioned. It is important for a company to develop a positive relationship in the society where it will do business. Corporate responsibility is mandatory in India. The Companies act of 2013 states that every company having a net worth of rupees 500 crore or a turnover of rupees 1000 crore or more, or a net profit of rupees 5 crore or more during any financial year, will ensure the company spends at least

In addition, solar energy operational costs are manageable. It is free from monthly charges compared to conventional sources of energy. Solar energy does not require raw materials such as oil and coal, and once the panels are built, there will be no monthly charges. In addition, the prices of fossil fuels are increasing day by day, and this means conventional energy will be very expensive. Solar energy will remain the most capable world’s future power supply because, it is cost effective once the plants are built, and there will be no transport costs like for conventional energy sources. Therefore, solar energy is cost-effective, and will help in future energy supply, as the maintenance cost is affordable, as long as they are installed properly, and are working efficiently ( Hans, 2012). Furthermore, with the improvement and advancement of technology, it will increase its efficiency, and cost of production thus, making it more cost effective and the world’s best

However, the research has also suggested that solar technology has demonstrated an increase of approximately 39% in production and investment in the last decade and is growing faster than any other renewable technology (Zweibel, 2010; Lloyd & Forest, 2010). Still, the research concluded that the limited availability of natural resources, which would be used to manufacture SETs, could restrict the development of solar technology as well as other renewable resource technologies. However, given that solar technology has seen an increase in research and development, solar energy could establish an opportunity for expanding our electricity supply system without overconsuming on nonrenewable resources.

Solar energy is experiencing a boom like no other. This year, it is forecasted to grow at an astonishing 119%, significantly higher than last year’s already impressive 17%. At the same time, expectations are for 14.5 gigawatts of solar power to be installed and surpass all others sources of new energy.

“Economic, social, ethical and environmental responsibilities, some of which require compliance with the law others requiring discretionary action to ensure that the company does not knowingly operate to the detriment of society” – McIntosh et al, 1998, Pg. 284

Corporate Social Responsibility (“CSR”) is often described as the measures taken by companies to manage environmental, social and economic impacts of their business activities. Since the globalisation of economic and labour markets, CSR has become an argumentative topic. For companies to be considered as good in terms of CSR, they are required to go above and beyond of their legal requirements and take into consideration what is in the best interests of its stakeholders.

The companies Act 2013, consists of 470 sections spread over 29 chapters and 7 Schedules it repeals the previous Companies Act, 1956. As many as 188 Sections of the Companies Act,1956 have been dropped in the Companies Act, 2013.

Keeping in mind its leadership position that it continues to maintain particularly within the chemical and consumer product markets, the stand that GIL (Godrej Industries Ltd.) holds on the CSR initiative within India is assumedly expected to affect the trend for CSR initiatives not only among smaller companies in the same or related industries but also the CSR initiatives among SMEs that receive investments through the parent Godrej

For this report, I will conduct extensive research pertaining to the idea of solar renewable energy. Within the research, I will look to inform the reader on advantages and disadvantages of solar energy. Also, how solar energy will affect human in later years in the universe. Once research is conducted the report will then be organized into an informational report. The informational report will be shared with U.S solar marketers, John Barbour, and others whom are interested in knowing more information about solar energy. The main objective of this report is to inform the reader on specific advantages and disadvantages of solar energy.

With the Tata Group constantly seeking new opportunities in various industries, their levels of CSR have been affected but not drastically. As CSR has been known to be a very important factor in the way the Tata Group does its business, they have continued to ensure that their targets on this front are met. However, with the economy slowing down in recent times (The Economist 2011), CSR might not take such a high priority in the way that business and operations are going to be run. It is seen that their contribution to social welfare and environment-related projects for the financial year of 2010-2011 was still considerably high at USD$59.7 million (Tata Group 2012).