New Delhi, Vice President Jagdeep Dhankhar on Tuesday urged industry leaders to harness the potential of CSR initiatives to promote sustainable development, saying efforts should be directed towards addressing critical social issues and promoting innovation. should be united.

He said that it is everyone's responsibility to give back to the society.

He said, corporate social responsibility (CSR) is more than a legal obligation and is a moral imperative and a powerful tool for social change.

Indian industry can help the country build world-class research, development centers and institutes of repute.

He said that mobilization of CSR funds even by those at the top for this purpose can do wonders.

Dhankhar said that research and development industry is promoted in developed countries. He said that the situation is similar when it comes to creation, development and nurturing of prestigious institutions.

He made the remarks at an awards ceremony in the national capital, where veteran journalist N Ram was honored with the "Lifetime Contribution to Media" award.

Public Sector Undertaking HAL received the "Outstanding PSU" award.

Building skills in the industry workforce is essential, Dhankhar said, adding that there is a dire need to identify and develop the disciplines and essential missing capabilities to build appropriate skills in the industry workforce.

"An environment of hope needs to emerge from the bubble to experience a possibility, rapid growth and unstoppable boom," he said.