Gangtok, 31 Mar:
Pharma-giant Torrent Group today announced plans to contribute Rs 100 crores to strengthen the Union Government’s efforts to fight the COVID-19 pandemic and its fallout on the poorer sections of the society.
A press communiqué from Torrent informs that Rs 50 crore will be donated to the PM-CARES Fund while Rs 50 crore will be spent 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.
The release goes on to state that the pandemic has disrupted operations at the Torrent Group’s as well but that the management has decided to ensure that all its 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 is borne by the Torrent Group.