Tata Trusts spent over Rs 1,000 crore in charities in last 2 years

NEW DELHI: Tata Trusts have donated Rs 1,000 crore towards socially beneficial projects in the last two years, a top Tata Group official has said.

"In the past two financial years alone, for example Tata Trusts have spent more than Rs 1,000 crore, a substantial part of which on health-related interventions across the country," Tata Trusts trustee and group executive director R K Krishna Kumar said delivering a speech at the Call to Action Summit in here today.

He added that it is the vision of the trusts to address the scourge of the triangular evil (of infant and child mortality, and maternal health) with a focus on crucial first thousand days between conception and age two of a child.

It can be noted that over two-thirds of the ownership of Tata Sons, the parent company of over 100 Tata Group companies valued at over US$ 100 billion, is with the Tata Trusts.

Kumar said the trusts collaborate with over 450 non-profit organisations to further their agenda and ensure efficient delivery of the projects.

Stating that the Tatas have given birth to a slew of institutions, including the IISc, TISS and TIFR to the nation, Kumar said the latest addition has been a Rs 550-crore cancer hospital in Kolkata.

At present, the trusts are focused on sanitation and clean drinking water, apart from the triangular evil', he said.