Companies can create Covid-19 health infrastructure as CSR activity

Firms can work on Covid-19 healthcare either themselves or in collaboration with others.

Companies using their corporate social responsibility (CSR) funds to create health infrastructure for Covid-19 is an "eligible activity", said the government on Wednesday as it encourages resources to fight a second wave of infections. 

Resources to establish medical oxygen generation and storage plants and manufacturing and supply of oxygen concentrators, ventilators, cylinders and other medical equipment for Covid-19 will be regarded as CSR activities, said the corporate affairs ministry in a circular posted on Twitter. Companies, including state-owned, can work on Covid-19 healthcare either themselves or in collaboration with others. 

The ministry had in April said that spending funds on