KKR Contributes Rs 30.5 Crore For COVID-19 Relief In India
Global buyout major KKR said on Wednesday he had contributed Rs 30.5 crore for COVID relief in the country. The company established a “KKR relief fund” last year and, over the past 15 months, has offered assistance with various medical and humanitarian programs, according to an official statement.
The contributions include an unspecified donation to the PM-CARES Fund which has been described as “the Indian government’s national effort to fight COVID-19 and help fellow citizens affected by this health crisis.” It also included funding for oxygen concentrators organized by the US-India Strategic Partnership Forum, contributions to the non-profit association ACT Grants India as well as recipient companies, long-term development assistance for International. Justice Mission and Teach for India, he said.
“Our ties go far beyond our investments – India is home to our employees and their families. Donations made by KKR and other global companies have helped India weather the worst of the pandemic,” said her. general manager for the country Gaurav Trehan. mentionned.
He added that there was still a long way to go before the country could recover and the company wanted to be part of a long-term solution. KKR has invested more than $ 5.7 billion in the country since its first bet in 2006.