Anand Mahindra, the Chairman of Mahindra & Mahindra has decided to contribute his 100 percent salary to deal with the severe impact created due to coronavirus pandemic.
Mentioning about his decision in a tweet on Sunday, Mahindra said that various reports from epidemiologists suggest that India is already in stage 3 of transmission which could result in inflation of cases exponentially, putting a huge burden on medical infrastructure. Towards this, the Mahindra Foundation will be creating a fund in a bid to assist the hardest hit in the value chain such as small businesses and the self-employed.
Besides, he has directed his group to urgently strat work on the manufacturing of ventilators at its own factories as Covid-19.
“A lock-down over the next few weeks will help flatten the curve and moderate the peak pressure on medical care. However, we need to create scores of temporary hospitals and we have a scarcity of ventilators. To help in the response to this unprecedented threat, we at Mahindra Group will immediately begin work on our manufacturing facilities can make ventilators,” added Mahindra.
The chairman of the $20.7 Billion group also said that Mahindra Holidays will be offering its resorts as temporary care facilities and the group’s project team stands ready to offer assistance to the Government/Army in putting up the temporary care facilities. Moreover, the Mahindra Group will immediately start work to explore how its factories could make ventilators.
The Mahindra Chairman added that the group would be motivating associates to voluntarily contribute to the fund. In addition to contributing 100 percent of my salary to it, he will also be adding more fund over the next few months.