Cognizant announces Rs.260-crore aid for Chennai flood relief

Chennai, Dec 8 (IANS) US-headquartered IT company Cognizant, with major operations in Chennai, on Tuesday announced Rs.260-crore ($40 million) aid for flood relief measures here and assistance as loans, grants to its employees and business partners.

It announced a contribution of Rs.65 crore ($10 million) towards flood relief steps and another Rs.195 crore ($30 million) as assistance (loans, grants and healthcare assistance).

In a statement issued here, Cognizant said the Rs.65 crore assistance to help Chennai residents will be given through a mix of contribution to Tamil Nadu Chief Minister’s Public Relief Fund; direct grants to NGOs, charitable and relief organisations providing healthcare, housing and other support in Chennai and direct health initiatives and other community programmes.

Cognizant, one of Chennai’s largest employers with more than 60,000 employees and 11 facilities, will take a multi-pronged approach to support relief and long-term rehabilitation measures in the city, the statement said.

The company said it also plans to sponsor and fund additional initiatives through Cognizant Foundation, which spearheads the company’s corporate social responsibility initiatives in India, and Cognizant Outreach, the company’s employee-led, grassroots volunteering programme.

“Corporate support must play a vital role in providing immediate relief and helping to rebuild Chennai,” president Gordon Coburn was quoted as saying in the statement.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here