Mumbai: Pune-based Bajaj Group on Tuesday pledged an extra monetary assist of Rs 200 crore in the direction of COVID-19 response. The monetary assist will likely be utilised to alleviate the instant on-ground challenges in addition to to construct functionality and assets to sort out a attainable third wave, Bajaj group mentioned in an announcement.
This contribution is along with Rs 100 crore donated by the group final yr to assist the federal government’s battle towards the lethal pandemic.
“Given the severity of the second wave of the pandemic, we pledge an additional financial support of Rs 200 crore towards COVID-19 response,” Rahul Bajaj, chairman emeritus, Bajaj Group mentioned within the assertion.
Recently, the group has aided within the procurement of 12 oxygen vegetation to offer greater than 5,000 LPM (Litre Per Minute) of oxygen provide to rural and concrete hospitals, together with respiratory assist gear such oxygen concentrators, ventilators and BiPaps to assist increase their capability in treating COVID-19 sufferers.
“Through the last 130 years, Bajaj Group has stood strong with communities, government, and local authorities to make a positive difference to society. In the ongoing fight against COVID-19, we all need to come forward in ways more than ever before, to ensure that all citizens of our country have access to healthcare and other necessities of life,” Bajaj mentioned.
Working with the Government, native administration and its community of over 200 NGO companions, the group has supported numerous tasks to make sure that desired assist and assist was prolonged to those that wanted probably the most together with instant meals aid to stranded migrants; upgradation of city and rural healthcare amenities; provision of key healthcare units; and livelihood assist for returned migrants, he mentioned.
In the continued battle towards COVID-19, all of us want to come back ahead in methods greater than ever earlier than, to make sure that all residents of our nation have entry to healthcare and different requirements of lifeRahul Bajaj, chairman emeritus, Bajaj Group
In addition to the group’s ongoing efforts, it is going to work with native authorities and NGO companions to additional improve the agricultural, peri-urban and concrete healthcare amenities; improve the supply of oxygen and demanding medical provides for COVID-19 therapy, and lift consciousness round COVID-19 acceptable behaviour in addition to assist the vaccination drive for probably the most susceptible sections of the society, Bajaj mentioned. As the nation grapples with this second wave of the pandemic, Bajaj as a gaggle, continues to stay steadfast in its dedication in the direction of extending all our assist and care in serving to the affected communities at massive to tide by way of these unprecedented instances, he added.
On April 30, Rahul Bajaj stepped down as non-executive chairman of Bajaj Auto. He nonetheless, would proceed as Chairman Emeritus of the corporate for a time period of 5 years with impact from May 1, 2021.
The Bajaj Group manufactures and markets a spread of services in India and overseas. It has presence in numerous sectors like two and three-wheelers, residence home equipment, wind power, forging, insurance coverage amongst others.
The group employs about 40,000 staff and its market capitalisation is round Rs 80,000 crore.
