Tata Sons has announced Rs. 1000 Crores support towards COVID-19 and related activities.
On the commitment N Chandrasekaran, Chairman Tata Sons said, "We will work together with the Tata Trusts and our Chairman Emeritus Mr. Tata would be fully supporting their initiatives, and work in a collaborative manner to bring the full expertise of the group. In addition to the initiatives articulated by Tata Trusts, we are also bringing in the ventilators necessary and are gearing up to also manufacture the same soon in India. The country is facing an unprecedented situation and crisis. All of us would have to do whatever it takes to alleviate and enhance the quality of lives of the communities we serve."
"The current situation in India and other parts of the world owing to the impact of COVID-19 is very worrisome and requires our very best action" a company statement said.
Earlier today, Ratan N. Tata, Chairman, Tata Trusts, announced a set of actions and committed Rs. 500 crores towards tackling the situation.