Desi entrepreneur donates $34 million to India's Covid-19 initiative

July 15, 2020 17:07

'The Wadhwani Foundation July 7 announced the launch of its Sahayata Initiative, a project aimed at mitigating the economic and health impact of the Covid-19 pandemic in India. The Rs 200 crore -- about $34 million -- initiative is funded solely by Indian American tech entrepreneur Romesh Wadhwani, founder and chairman of the Symphony Technology Group,' reports Sunit Sohrabji in India West.

'India is facing a very difficult time of health and economic distress. Each of us has an obligation to do what we can to help our fellow citizens get through this crisis,' the billionaire tells India West in an interview.

Accordingly, 'The Sahayata Initiative will start with 50 small businesses in India in August, increasing progressively to 500 small businesses per month. The program's goal is to engage with 10,000 SMEs. The Wadhwani Foundation will provide 100 consultants pro bono; several partner organizations will provide 250 consultants on a heavily-subsidized fee basis,' Sunit Sohrabji writes, here.

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