A contribution of INR 50 crore from this sum has been made to the PM CARES Fund
March 30, 2020, Bengaluru, India
Infosys Foundation, the philanthropic and CSR arm of Infosys, today announced that it is committing INR 100 crore to support efforts towards fighting COVID-19 in India. The Foundation contributed half of this commitment (INR 50 crore) to the PM CARES Fund.
This sum will primarily be utilized across three broad areas of support that the Foundation has prioritized:
Over the last two weeks, Infosys Foundation has announced support for creation of an exclusive hospital in Bangalore for COVID-19 patients. It has also enabled the acquisition of medical and PPE equipment for multiple military and government hospitals across the country. The Foundation is also supporting various NGOs that provide food and hygiene kits to thousands of people in need.
“These are unprecedented times that require every section of the society to rise up to the challenge. Infosys Foundation has always supported the needs of the country in difficult situations and we will continue to work with governments, non-profits, and healthcare institutions in their fight against this global pandemic. All our efforts will be targeted towards ensuring that the relief material reaches the people who need it the most, whether it is a patient who cannot afford treatment, our healthcare personnel, or daily-wage workers whose livelihood has been severely impacted,” said Mrs. Sudha Murty, Chairperson, Infosys Foundation.
Salil Parekh, CEO and MD, Infosys, said, “The COVID-19 pandemic is one of the toughest challenges that the world has been faced with. At such a time, it is imperative for businesses to join hands with the governments, civil society, as well as healthcare institutions to support the communities we live and serve in. Infosys Foundations, both in India and in the USA, are extending their resources and technological capabilities to help people who are most impacted by this pandemic.”
Infosys Foundation is already working with multiple state governments and NGOs to expand its reach across the country. If any state government, healthcare provider, or an NGO would like additional support in their relief efforts, please do reach out to us at email@example.com with your specific requests. We are happy to evaluate and consider supporting initiatives that align with our areas of focus.
Established in 1996, the Infosys Foundation supports programs in the areas of education, rural development, healthcare, arts and culture, and destitute care. Its mission is to work in remote regions of several states in India. The Infosys Foundation takes pride in working with all sections of society, selecting projects with infinite care, and working in areas that are traditionally overlooked by society at large. For more details, please log on: https://www.infosys.com/infosys-foundation
Infosys is a global leader in next-generation digital services and consulting. We enable clients in 46 countries to navigate their digital transformation. With over three decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.
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Certain statements mentioned in this release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2019. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
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