Bengaluru, India – August 23, 2021
Infosys Foundation, the philanthropic and CSR arm of Infosys (NSE, BSE, NYSE: INFY), today announced that it has completed constructing a 75,000 sq. ft state-of-the-art, multi-disciplinary Outpatient Department (OPD) block at the Kidwai Memorial Institute of Oncology, Bengaluru. The Infosys Foundation has spent INR 25.5 Crore on this new OPD block, which will cover over 12 departments, and aim to accommodate nearly 1,800 patients every day.
This new OPD was inaugurated by Shri. Basavaraj Bommai, Honorable Chief Minister, Govt. of Karnataka, and Dr. K. Sudhakar, Health Minister, Govt. of Karnataka, in the virtual presence of Mrs. Sudha Murty, Chairperson, Infosys Foundation.
Speaking at the inauguration, Mrs. Sudha Murty, said, “Lack of proper treatment and medical infrastructure often manifests in unfortunate circumstances for patients and their family. This is a small effort by the Foundation to ensure that people have access to clean, hygienic, and timely medical intervention, especially at a time when we are engulfed by a pandemic. We are thankful to the State Government, our Honorable Chief Minister, Health Minister, and Kidwai Memorial Institute of Oncology, for their collaboration and support in this initiative.”
Infosys Foundation has been working closely with the Kidwai Memorial Institute of Oncology on several projects since 2001. This new OPD, a dharamshala renovation, five fully equipped operation theatres and one ICU completed earlier, add to Foundation’s efforts to expand hospital and quarantine facilities and ensure proper medical treatment for the public. Over the last one and a half years, Infosys committed a total of INR 200 Crore for Covid relief efforts across India, through the Infosys Foundation, and also helped set up a 150-bed Covid care hospital in Bengaluru, in partnership with the state government.
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
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Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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, 2021. 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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