Mumbai. Realizing the responsibility of the corporate world in dealing with Coronavirus, the country’s most senior industrialist Ratan Tata went ahead. The 82-year-old Tata tweeted at 4:15 pm on Saturday evening that the Tata Trusts would spend Rs 500 crore to try and strengthen the community. Two and a half hours later, at 6.48 pm, Tata Sons announced an additional help of Rs 1,000 crore by tweeting. The 151-year-old group is separated by Tata Group, Tata Sons and Tata Trust. The Tata group has more than 100 companies. The market capitalization of its 17 listed companies is Rs 9.20 lakh crore. The holding company of the Tata group is called Tata Sons. Tata Trust has a 66% stake in the same Tata Sons.
Ratan Tata said – need to take immediate action
Ratan Tata said in his tweet that the coronavirus crisis is one of the biggest challenges of our generation. Tata Sons and Tata Group companies have been ahead of the nation’s needs in the past, but the current needs are the biggest compared to the needs of all times.
The funds of the Tata Trust will be spent on these 5 works.
1. For the personal protective equipment of medical staff engaged in treating corona and preventing infection.
2. To provide respiratory system to patients suffering from corona.
3. For testing kits so that maximum number of people can be screened.
4. To prepare better facilities for infected patients.
5. To train and educate the health worker and general public.
What has the second corporate done in the country so far?
1. Mukesh Ambani, Chairman, Reliance Industries
Gave Rs 5 crore to Maharashtra Chief Minister Relief Fund. Reliance Foundation in collaboration with BMC has set up a 100-bed center at Seven Hills Hospital in Mumbai to treat patients with corona. Isolation center has also been built in Lodhiwali, Maharashtra.
2. Anil Agarwal, Chairman, Vedanta Resources
Has announced Rs 100 crore help to fight Coronavirus.
3. Anand Mahindra, Chairman, Mahindra Group.
Mahindra Group will make ventilators in its units, so that there is no shortage of ventilators in the country when Corona cases increase. Mahindra has also proposed to open its holiday company Club Mahindra for the care of patients. Mahindra will give 100% of his salary to Kovid-19 fund. The fund has been created to help small industry and people working on daily wedges.
4. Pankaj M Munjal, Chairman, Hero Cycles.
Will give Rs 100 crore from the company’s Emergency Fund to deal with Coronavirus.
5. Bajaj Group.
Has announced a grant of 100 crores for improving health infrastructure, eating and lodging.
6. Vijay Shekhar Sharma, Founder-CEO, Paytm.
Will provide Rs 5 crore assistance to those making Paytm ventilators and other essential items.
7. Sun Pharma.
Will donate medicines and sanitizer worth Rs 25 crores.
Company will distribute 30 million packets of biscuits in the next three weeks.
What did the celebrities around the world do?
Bill Gates, Co-Founder (Microsoft), US
Bill and Melinda Gates Foundation will donate Rs 750 crore to make Corona’s medicine and vaccine. Apart from this, the fund will also be spent in building health infrastructure.
Mark Zuckerberg, Founder (Facebook), USA.
Arranged to conduct 1000 tests of corona virus every day in the Bay Area of America. Zuckerberg has also announced Rs 187.5 crore for research on treatment.
Jack Ma, Founder (Alibaba), China.
Given assistance of 100 crores to deal with Coronavirus. This fund will be used to make vaccines. In addition, he has donated two lakh coronavirus testing kits with one million masks to Russia. Jack Ma has also announced the donation of 2 million masks, 4 lakh test kits, 104 ventilators to 24 Latin American countries.