Corporate Social responsibility has been a mandate in India since 2013 and got amended in 2014 were every organization should spare 2% of the average profits of past three years towards developmental activities as mentioned in the schedule VII of the Indian Companies Act. Such initiatives should be directly attributable towards the development of the community as a whole. Philanthropy is one part of company’s social responsibility, with more focus towards sustainability.
AYM Syntex Limited is a Textile Yarn manufacturing company and at AYM, Corporate Social Responsibility forms an integral part of an organization. Our social concern rests upon working towards breaking the shackle of poverty and walking towards the path of transforming lives of the underprivileged. We relentlessly follow the path of sustainable development. We strive to work on impactful measures that will give the society a direction to undergo an affirmative change. As a socially responsible entity, our initiatives are designed on the paradigm of a holistic approach to building the capacities of individuals & communities. Community development carries a deeper meaning and context in the lives of our key stakeholders, employees, and partners.
AYM Syntex Limited CSR Initiatives:
Our CSR initiatives are designed on the paradigm of the holistic approach that follows a ‘4S for Social Upliftment’ model to achieve our Vision:
- Swasthya: Initiatives on Water and Sanitation
- Sudhaar: Initiatives to support rural development
- Swabhimaan: Initiatives on Education and Livelihood to uplift the standard of living of the society from the vicious cycle of poverty
- Shrishti: Initiatives on environmental restoration
As per our Mission:We have initiated a ‘Safe Drinking Water’ project where we have installed suitable water purification plants in:
- In Rakholi, Silvassa catering to 2000+ community members
- Eight Government schools in Dahanu, Maharashtra catering to 700+ school students.
- In Palghar 1500+ community members
During the feasibility study, the TDS level of water was reported to be over and above the permissible limits specified by WHO. The TDS levels in such locations were more than 500 ppm making the water unsuitable for consumption. Through this initiative, safe drinking water is made accessible to the beneficiaries which will also safeguard them from the ill effects of water-borne diseases.
Early Childhood Education:
We are also providing end to end support to a pre-school at Palghar supporting the cause of ‘Early Childhood Education’ benefitting 80 school students falling between the age group of 3-6 years. It is an undeniable fact that the first six years have a direct, decisive bearing on children’s lives. That is when minds develop and necessary skills are acquired. While the importance of care for the young child is well understood, he reality is that the needs of millions of children in these crucial years are not met owing to the poor economic conditions of the parent. Owing to these gaps, their ability to learn and their overall development is already compromised by the time they enter formal school. Thus, in order to fill this shortcoming, we aim to provide for their developmental and cognitive needs through quality education. Parent engagement is the core of our initiative that eventually aids in developmental needs of the children.
Solar Powered Street Lights:
Commissioning of street light in poorly lit areas has also been a part of our initiative. Solar based street lights were installed in poorly lit areas of Palghar and Silvassa.Our engagement strategy is also backed by an on-ground research that paves the way for implementing a socially relevant project.
A community needs assessment undertaken in and around our plants at Palghar and Silvassa states the quantitative and qualitative needs of the target communities thereby resulting in the development of need-based program models.