Incap India adopts a school as part of the Corporate Social Responsibility
Press Release 10 February 2017
INCAP INDIA ADOPTS A SCHOOL AS PART OF THE CORPORATE SOCIAL RESPONSIBILITY
While the net profit of Incap Corporation's subsidiary in India, Incap Contact Manufacturing Services Private Limited, has exceeded a certain level, the company was in line with the local Companies Act 2013 requested to constitute a Corporate Social Responsibility Committee and to spend at least 2% of the average net profits of the company made during the three immediately preceding financial years to the CSR activities.
The CSR Committee of Incap has identified a suitable CSR activity and the Board of Incap India has resolved to contribute to the School Development Monitoring Committee. The Committee is in charge of the development of Government schools in rural areas including among others the construction of class rooms, computer labs, science labs, libraries and reading rooms in the Government Schools in Maskal in the area of Tumkur Taluk, Karnataka, India.
Murthy Munipalli, Managing Director, Incap India, tel. +91 98802 31431
Ville Vuori, President and CEO, tel. +358 400 369 438
Major media in India
INCAP IN BRIEF
Incap Corporation is an international contract manufacturer. Incap's customers are leading suppliers of high-technology equipment in their own business segments, and Incap increases their competitiveness as a strategic partner. Incap has operations in Finland, Estonia, India and China, and the company currently employs approximately 520 people. Incap's share is listed on the Nasdaq Helsinki Ltd. as from 1997. Additional information: www.incapcorp.com.