Anand Mahindra to offer 100% salary to deal with coronavirus
Anand Mahindra, the chairman of Mahindra & Mahindra has decided to offer his 100% salary to deal with the rising menace of Coronavirus and has directed his group to immediately begin work on the manufacturing of ventilators at its own factories as Covid-19 appears to be reaching the stage 3 of transmission.
Mahindra on Sunday tweeted that going by various reports from epidemiologists, it is highly likely that India is already in stage 3 of transmission. The case could rise exponentially with millions of casualties, putting a huge strain on medical infrastructure.
“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 $20.7 billion Group added that Mahindra Holidays will offer resorts as temporary care facilities and the group’s project team stands ready to assist the Govt/Army in erecting the temporary care facilities.
The Mahindra Foundation will create a fund to assist the hardest hit in our value chain (small businesses and the self-employed)
“We will encourage associates to voluntarily contribute to this fund. I will contribute 100% of my salary to it and will add more over the next few months. I will urge all our various businesses to also set aside contributions for those who are the hardest hit in their ecosystem,” assured Mahindra.