With the Government allowing the corporates to spend their CSR funds for corona-related activities, Indian corporates and organisations are chipping in with their support in many ways in the fight against the deadly virus.
Reliance Industries Limited (RIL), India’s largest conglomerate, has announced several steps. Sir HN Reliance Foundation Hospital in collaboration with the BMC has set up a dedicated 100-bedded centre at Seven Hills Hospital in Mumbai, Maharashtra for corona treatment. The company has also given Rs 5 crore to the Maharashtra Chief Minister’s Relief Fund. Reliance Foundation will provide free meals to people across various cities in partnership with NGOs during the crisis situation, apart from producing 1,00,000 face masks a day along with a large number of other protective equipment to help health workers and medical professionals.
Paytm is going to commit Rs 5 crore for development of medical solutions to fight Covid-19. Diageo India has pledged to produce around 3,00,000 litres of bulk hand sanitiser across 15 of its manufacturing units in the country. It also announced to donate 5,00,000 litres of Extra Neutral Alcohol (ENA) to the sanitiser manufacturing industry. Apart from that, it also plans to donate 1,50,000 masks to five state public departments.
Vedanta Resources Limited has committed Rs 100 crore while Mahindra and Mahindra announced its plans to immediately start working on making ventilators for Covid-19 patients. Anand Mahindra, the chairman of the group, said he would contribute 100 per cent of his salary and gradually increase collections in the fund to assist small-scale businesses.
The Godrej Group and other FMCG players like Hindustan Unilever and Patanjali are reducing prices of soaps and hygiene products. Chinese tech giant Xiaomi also said that it will deliver imported N-95 masks and hazmat suits, which it will donate to hospitals across the country to help medical professionals.
SBI has committed 0.25 per cent of its annual profit to help fight Covid-19 while DCB Bank, has extended Rs 1 crore as part of CSR.