Torrent Group commits Rs. 100 Crores to fight COVID-19 pandemic
Torrent supports by way of contribution to PM-CARES Fund and various other initiatives such as providing essential medicines to government hospitals free of cost.
The country has been overshadowed by the dark clouds of COVID-19 pandemic, which has not only cast enormous financial and administrative burden on the Government, but has also very badly affected the poorer sections of our society. The poor are in need of urgent help and relief. It is indeed very comforting that the Government under the able leadership of Shri Narendra Modi, is doing its best for the people of the country and is being globally cited as a shining example of how dedicated and decisive leadership is paramount for control of the pandemic and caring of the vulnerable sections of the society.
Like all other business, the pandemic has greatly disrupted Torrent Group’s too; however, our governance philosophy has always emphasized people and society over everything else, more particularly in times of such distress. Torrent Group is proud to announce its support of Rs 100 crores to strengthen the Government’s efforts to fight the pandemic and its fallout on poorer sections of our society. This support will be provided as under:
- Rs 50 crores by way of contribution to the PM – CARES Fund;
- Rs 50 crores: under various initiatives such as providing essential medicines to various Govt. hospitals free of cost, contributions to State Government relief funds, contributions to NGOs doing grassroots work to address the issues arising from the COVID-19 pandemic, provision of PPEs to healthcare workers and our own direct efforts to contain the impact of the COVID-19 pandemic on the vulnerable sections of society.
In addition to the above, Torrent Group will ensure that employees (including thousands of contract and construction workers working under our contractors) are paid full wages for the entire duration of the lockdown and the entire cost of the same will be borne by the Torrent Group.
Torrent stands committed to doing all that it can during this time of national crisis.
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