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Tata Group Announces ₹ 1,500 Crore For Coronavirus Relief Fund

Pritish raj by Pritish raj
March 28, 2020
in News, Industries
Reading Time: 2 mins read
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Tata Group- Next Big Brand

Tata Group- Next Big Brand

  • Ratan Tata led Tata Trust to join the fight against the coronavirus by announcing Rs. 500 Crore towards the relief fund of Coronavirus.
  • Tata Sons announces an additional Rs. 1000 Crores support towards COVID 19 and related activities.

Ratan Tata-led business company Tata is the latest to join the fight against coronavirus distress. Tata Trusts, Tata Sons and the Tata group companies are pooling Rs 500 crore towards the coronavirus relief fund, chairman Ratan Tata declared on Saturday in an Instagram message.

The fund will be used to provide medical staff with protective equipment, respiratory systems to treat that cases, test kits to speed up country testing and develop treatment centers for those who have already contracted the virus. The group has also said it will train health workers and the public to motivate them against coronavirus.

“Urgent emergency resources must be mobilized to meet the needs of tackling the COVID 19 crisis, which is one of the greatest challenges facing the human race,” said Ratan Tata, announcing the aid fund. Ratan Tata has also supported many campaigns to change society in the past.

Tata Sons are announcing additional funding for COVID 19 and related activities by the Rs. 1000 Crores.

“We will collaborate with the Tata Trusts and our Chairman Emeritus Mr. Tata will fully support their initiatives and collaborate together to carry the group’s full expertise,” said Chairman Tata Sons.

In the wake of rising coronavirus cases and the threat the disease poses to healthcare workers, several other industrialists have come out during these test times to support people. Anand Mahindra of the Mahindra & Mahindra Company had previously agreed to provide Mahindra resorts for those infected as treatment facilities.

The Mahindra Group is also working on making available ventilators that are critical to the health care of those infected. RIL chairman Mukesh Ambani also revealed earlier that the company has set up isolation centers, a hospital, and donated Rs 5 crore to the relief fund of the Maharashtra government. Several FMCG firms such as ITC, HUL, RB, and Godrej have promised material and monetary assistance to assist the government.

In the meantime, coronavirus cases have crossed 900 marks in the region, taking 20 lives so far. India has been put under a 21-day lockdown to prevent the virus from spreading widely.

In the wake of Corona Virus, Reckitt Benckiser unveiled the RB Battle for Access Fund on Friday that will see Dettol soaps manufacturers and Harpic cleaners contribute £ 32 million globally to tackle the Covid-19 pandemic, the company said in a press release.

The firm will also donate 10 million Dettol soaps in India as part of the campaign, mostly among the needy.

Globally, RB will distribute one million liters of disinfectant products such as Lizol and Harpic toilet cleaner to public health facilities and educational and community staff and will distribute 3.5 million N95 masks to health workers.

Azim Premji, MD, and the founder of Wipro Limited donated a humongous sum of INR 50,000 crores for charity.

This comes as another great news when we see industrialists joining their hands to help the normal people and we will fight this for sure.

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Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

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