Tatas open their vault, commit Rs 1,500 crore to fight coronavirus

Tata Trusts, the philanthropic branch of the Tata group, and Tata Sons, the group’s holding company, hired 1,500 crore rupees on Saturday to fight the Covid-19 crisis.

“The current situation in India and around the world is extremely worrying and requires immediate action. Tata Trusts and Tata group companies have in the past responded to the needs of the nation. Right now, the need for the hour is greater than any other time, “said Ratan Tata, president of Tata Trusts, in a statement. “Today, the Tata trusts continue their promise to protect and empower all affected communities and commit Rs 500 crore,” he added.

Tata said urgent emergency resources must be deployed to deal with one of the “most difficult challenges the human race will face”.

In a separate statement, Tata Sons president N Chandrasekaran said the company had earmarked 1,000 crore rupees to fight Covid-19 and related activities. “We will work with Tata Trusts and our President Emeritus, Ratan Tata. We will work collaboratively to bring all of the group’s expertise, ”he said.

Tata Sons is also bringing fans and is preparing to manufacture them soon in India. “We will all have to do whatever is necessary to improve and improve the quality of life in the communities we serve,” he said.

The donation from Tata Sons and Trusts is the largest sum committed by a company and its philanthropic arm since the Covid-19 outbreak. Others, including Reliance Foundation, Mahindra Group, Bajaj Group and ITC, are also supporting the fight against the pandemic.

The amount committed by Tata Trusts will be used to purchase personal protective equipment for front-line medical personnel and to purchase respiratory systems and test kits to increase testing per capita. It will also be used to set up modular treatment facilities for infected patients. Knowledge management and training of health workers and the general public will be other priority areas.

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