P. L. Reddy

The report highlights the growing importance of social procurement in achieving sustainability and social impact across various sectors. Industrial manufacturers focus on community empowerment through education, healthcare, and environmental sustainability, while conglomerates and FMCG companies support local vendors and SMEs to drive economic growth. IT companies prioritize green procurement to reduce environmental impacts, and the banking sector promotes financial inclusion through programs for marginalized groups. Pharmaceutical companies emphasize responsible sourcing and supplier diversity, and automotive companies adopt sustainable supply chain practices to mitigate environmental impacts. To accelerate social procurement, the report identifies the need for leadership-driven strategies to allocate procurement to social enterprises, capacity-building initiatives, stronger platforms for connecting social enterprises with corporate buyers, and policy incentives in India. These efforts aim to enhance the social procurement ecosystem and foster long-term social and economic benefits.

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