STOCK MARKET BSE NSE

Cognizant Announces Rs 260-crore Aid for Chennai Flood Relief

Published: 08th December 2015 03:49 PM  |   Last Updated: 08th December 2015 03:49 PM   |  A+A-

By IANS

CHENNAI: US-headquartered IT company Cognizant, with major operations in Chennai, on Tuesday announced Rs.260-crore ($40 million) aid for flood relief measures here and assistance as loans, grants to its employees and business partners.

It announced a contribution of Rs.65 crore ($10 million) towards flood relief steps and another Rs.195 crore ($30 million) as assistance (loans, grants and healthcare assistance).

In a statement issued here, Cognizant said the Rs.65 crore assistance to help Chennai residents will be given through a mix of contribution to Tamil Nadu Chief Minister's Public Relief Fund; direct grants to NGOs, charitable and relief organisations providing healthcare, housing and other support in Chennai and direct health initiatives and other community programmes.

Cognizant, one of Chennai's largest employers with more than 60,000 employees and 11 facilities, will take a multi-pronged approach to support relief and long-term rehabilitation measures in the city, the statement said.

The company said it also plans to sponsor and fund additional initiatives through Cognizant Foundation, which spearheads the company's corporate social responsibility initiatives in India, and Cognizant Outreach, the company's employee-led, grassroots volunteering programme.

"Corporate support must play a vital role in providing immediate relief and helping to rebuild Chennai," president Gordon Coburn was quoted as saying in the statement.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp