"Reservation in private sector has been an issue before the government. National (industry) chambers feel that the move would amount to compromising merit and competitiveness of Indian industry," Ficci said.
"Rather, it has suggested that the industry would resort to affirmative action through promoting education, skill building and entrepreneurship among the backward caste youth, enhancing their employability and inclusive growth," it added.
India has seen a spectacular growth during last few decades which reflects in terms of improved human development indicators such as health, education and employment, Ficci President Naina Lal Kidwai said.
However, she said the fruits of this growth have not evenly reached all sections of the society due to a number of socio-economic barriers, creating islands of poverty, illiteracy and unemployment. This situation has put a question mark on the sustainability of India's growth pattern.
To address the issue of socio-economic exclusion, Ficci has adopted a Code of Conduct on Affirmative Action to promote inclusive growth, create opportunities and empowerment of backward sections of the society, Kidwai said.
The members of Ficci National Executive Committee today resolved to accept the code of conduct which includes providing and promoting equal opportunity to all its employees and any form of bias, or discrimination based on caste, religion or gender is not practised, the release said.
Besides, it said, companies will ensure that among the equally qualified individuals, preference is given to those from the disadvantaged groups.
Their annual reports will also publish all efforts taken towards establishing and implementing non-discriminatory practices and not discriminating against employees coming from underprivileged castes or groups in terms of recruitment, training and promotion.
Ficci has urged its member chambers, associations and affiliated companies to promote and adopt this code of conduct in their enterprise level policies, as part of their 'corporate social responsibility'.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
