India is facing one of the toughest time in history due to the covid surge. People are dying due to the shortage of oxygen in India. The situation is so difficult that other countries like the US, China, France, UK are providing medical services and related items to India. To overcome the Oxygen shortage Saudi Arabia has sent plenty of liquid oxygen to India.
Not only the big countries but Indian people and other companies are also joining hands to tackle the issue. Paytm has initiated one such donation drive to import 30,000 oxygen concentrators, announced by Paytm founder and CEO Vijay Shekhar Sharma.
Details about the Donation Drive
On Sunday, Paytm started a donation drive to import oxygen concentrators and other health products to bridge the gap between demand and supply. Based on Paytm claim, the startup has already sourced the required health supplies and is looking to donate them to health institutions across the country.
The oxygen crisis in India has taken thousands of people’s life. Hospitals have put a signboard of not admitting new patients due to the oxygen shortage. In such a difficult time, India needs all the supports possible, said Sharma. That is why the company took the initiative to import oxygen concentrators.
Talking about the issue further, Paytm CEO said:
“The country needs oxygen support; large oxygen tankers, oxygen cylinders and something that can produce oxygen locally, which is oxygen concentrators.”
Paytm has a target to contribute 10,000 oxygen concentrators. With the help of a donation drive, the company plans to reach a target of 20k to 30k.
Paytm CEO further informed that Paytm will be matching the amount donated by individuals to double the supply of concentrators in the country.
How will Oxygen Concentrators Help India?
Why concentrators? Answering this question, Sharma said:
“When we saw at Paytm that a lot of our employees and their family members were getting impacted by oxygen shortage, we were wondering what could we do. So, we started sourcing these devices for the employees.”
He further added:
“By the time we realised that there was a scarcity of oxygen supply in India, we realised that oxygen concentrators can quickly and sustainably solve the problem at the level of hospitals, home care. This generated the hunt for the oxygen concentrators.”
The fintech startup is already in touch with suppliers from other nations. Based on the discussion, Paytm concluded that suppliers are ready to source a large number of concentrators if an advance is given.
Talking about the donation, Sharma further said:
“One of the team members then pointed out that we could go for a dollar-for-dollar match donation to procure double the quantity. We are hence hopeful that donations will come and we will continue to source the device.”
Paytm is also contacting other startups and business firms to join hands. Revealing this information in a statement, Sharma said:
“Another interesting idea has come and we are calling upon other startups, businesses and asking if they would like to match rupee-to-rupee contribution and double the supply of oxygen concentrators.”
Next Big Brand team salutes Paytm for taking such an initiative to overcome the oxygen shortage in India. Let’s come together and help each other in this difficult time.