Cognizant, one of Chennai’s largest employers with more than 60,000 employees announced biggest assistance for flood hit Chennai. It will take a multi-pronged approach to support relief and longer-term rehabilitation measures in the city. The corporation today announced a commitment of $40 million (Rs 260 crore) to help residents, its employees and business partners in Chennai, India, with relief and rehabilitation.
The $10 million (Rs 65 crore) of funding is targeted to help the residents of Chennai through:
* Direct grants to the Tamil Nadu Chief Minister’s Public Relief Fund.
* Direct grants to NGOs, including AmeriCares India, and other charitable and relief organizations providing healthcare, housing and other support in the city.
* Direct health initiatives and other community programs to help prevent the spread of disease and assist in the rebuilding of communities within Chennai.
The other $30 million (Rs 195 crore) is to assist with the immediate and longer-term recovery needs of its employees and business partners through:
* Direct grants and loans to employees, as well as other individuals who support Cognizant’s Chennai operations
* Dedicated healthcare teams to provide medical care, consultation and disease prevention to employees and business partners
Cognizant also plans to sponsor and fund additional initiatives through Cognizant Foundation.
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