Adani, Sajjan Jindal promise Rs 100cr each, Kotak Rs 60cr
Mumbai: The list of India Inc taxpayers supporting the fight against the crisis expands every day.
Billionaires Gautam Adani, Sajjan Jindal & Uday Kotak are the latest to announce commitments worth crores of rupees to help India flatten the virus curve. Foundation & Jindal’s Group contributed Rs 100 crore each to the Prime Minister’s relief fund, while Kotak & his financial services group together pledged Rs 60 crore to the PM’s & Maharashtra CM’s relief funds.
“Funds have also been earmarked to source ventilators, testing kits & protective medical gear, such as masks & gloves,” said JSW Group, adding that it will also be “converting its facilities” across India into “isolation wards” in order to limit the stress on community hospitals.
Kalyan Jewellers & Financial services firm Motilal Oswal too have joined the contributors’ list by committing Rs 10 crore & Rs 5 crore, respectively, to rescue & rehabilitation efforts.
Digital payments platform Paytm & its rival PhonePe have launched a donation drive, saying that they aim to contribute Rs 500 crore & Rs 100 crore, respectively, to the PM’s relief fund. Both said that for every contribution made via their respective apps, they will contribute Rs 10 each.
Marico Innovation Foundation has announced a grant of Rs 2.5 crore for medical technology entrepreneurs presenting cost-effective respiratory solutions as ventilators currently in short supply in the country.
“The Adani group will further contribute additional resources to support the governments & fellow citizens in these testing times,” tweeted chairman Gautam Adani. On similar lines, JSW Group chairman Sajjan Jindal said, “These immediate contributions are what we see is the need of the hour, & we have earmarked further monetary & non-monetary contributions so as to dynamically respond to all societal requirements in future.”