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Last Updated : Mar 30, 2020 06:15 PM IST | Source: Moneycontrol.com

Coronavirus pandemic | Ratan, Tata group pledge Rs 1,500cr in support of fight against COVID-19

At this moment, the need of the hour is greater than any other time, Ratan Tata tweeted.


Joining a number of India Inc leaders who are doing their bit in their own way, Ratan Tata has committed Rs 500 crore to procure protective equipment for frontline workers, respiratory systems for treatment of increasing cases and testing kits in the fight against COVID-19.

In a tweet on March 28, Ratan Tata shared a post detailing how Tata Trusts and the group companies will help as India battles to contain the spread of COVID-19.

The COVID 19 crisis is one of the toughest challenges we will face as a race. The Tata Trusts and the Tata group companies have in the past risen to the needs of the nation. At this moment, the need of the hour is greater than any other time, Ratan Tata tweeted.

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The funds donated, as per the Tweet, will be used for Personal Protective Equipment for the medical personnel on the frontlines, respiratory systems for treating increasing cases, testing kits to increase per capita testing, setting up modular treatment facilities for infected patients, knowledge management and training of health workers and the general public, the company statement said.

Following Ratan Tata’s announcement, N. Chandrasekharan, chairman of Tata Sons announced an additional Rs 1,000 crore in support towards COVID-19 and related activities.

"We will work together with the Tata Trusts and our Chairman Emeritus Mr. Tata and would be fully supporting their initiatives, and work in a collaborative manner to bring the full expertise of the group.

In addition to the initiatives articulated by Tata Trusts, we are also bringing in the ventilators necessary and are gearing up to also manufacture the same soon in India," he said in a statement.

He further added, "The country is facing an unprecedented situation and crisis. All of us would have to do whatever it takes to alleviate and enhance the quality of lives of the communities we serve."

Many business leaders including Mukesh Ambani and Anand Mahindra have also contributed in their own ways. In collaboration with the Brihanmumbai Municipal Corporation (BMC), the Sir HN Reliance Foundation Hospital has set up a dedicated 100-bed centre at Seven Hills Hospital, Mumbai, for patients who test positive for COVID-19.

Reliance Industries Limited is enhancing its production capacities to produce 100,000 face-masks per day and a large number of personal protective equipment for the nation’s health-workers to equip them further to fight the coronavirus challenge.

On March 22, Mahindra and Mahindra also offered the group's hospitality arm as a medical care facility and said the group will work on how its manufacturing facilities can manufacture ventilators.

(Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd)

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First Published on Mar 28, 2020 07:10 pm
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