Schaeffler India Supports the Fight Against COVID-19 Pandemic
Monday, 18 May 2020
· Company procured critical health equipment for government run hospital in Pune
· Employees donate part of their salaries and the company matches amount to PM CARES fund
*Schaeffler India*, leading industrial and automotive supplier (BSE: 505790, NSE: SCHAEFFLER) today, shared the details of the company's contribution towards fighting the ongoing COVID-19 pandemic. Schaeffler India took two major initiatives in joining the support - procurement of emergency health equipment for a government run hospital in Pune and voluntary donation of a part of salaries by employees, with the company matching an equivalent amount.
*Procurement of emergency medical equipment worth INR 6 million*
Schaeffler procured and donated emergency medical equipment and essentials for a government run hospital (Aundh hospital) in Pune city. The Aundh Hospital that specializes in treating diseases related to the respiratory system has been identified as a dedicated COVID-19 hospital by the ministry. It is a 300-bed facility, with allocation of 50-beds to their isolation ward to treat COVID-19 patients and 10 beds to the ICU facility. The equipment and essentials provided by Schaeffler India has significantly improved its capacity to fight against COVID-19 pandemic and treatment of patients.
*Donation to PM CARES Fund*
In addition, employees voluntarily donated a part of their April salaries, while the company matched the amount to contribute to PM CARES fund set up by the government. The total amount contributed by employees and the company was INR 12.70 million.
*Mr. Santanu Ghoshal, VP - HR and CSR, Schaeffler India* said, "These are difficult times and its heart wrenching to think of the daily wage earners and their plight. We were determined to contribute to the PM Care Fund as an organization. I am happy to see that each and every employee of Schaeffler India has come forward to contribute to the fund and together as an organization we have been able to support the government initiative."
He also added that "We feel fortunate to be able to help Aundh Hospital and would like to thank Zilla Ruganalay Aundh for giving us the opportunity to support and serve the city. Aundh hospital is doing a commendable job at treating the less privileged patients without any cost. I want to take this opportunity to sincerely thank all the doctors, nurses and healthcare workers on behalf of Schaeffler. They are the front-line fighters and this is the least we can do to support the system."
Schaeffler India has been continuously reaching out far and wide to contribute to human progress and positively touch the lives of the surrounding communities. Through their flagship CSR initiative called HOPE, which stands for Healthcare, Occupation Skills for Employability, Preservation of National Heritage, Art and Culture and Empowerment of Society.
Schaeffler India as a part of its CSR program has consolidated its activities and focus exclusively on a few core areas which will make a meaningful impact on the community and make a difference. HOPE is Schaeffler India's umbrella initiative encompassing the values, vision and mission of the organization. Through this initiative Schaeffler India strives to contribute, to the motto *Sarvebhawantu Sukhinha:* (May everyone be happy). It is derived from the four core areas of focus - *H*ealthcare, *O*ccupational skill, *P*reservation of national heritage, art & culture and *E*mpowerment of society. Under HOPE, Schaeffler India runs a number of initiatives for the four focus areas.
*About Schaeffler India Limited*
Schaeffler has been present in India for over 50 years. With 3 well known product brands LuK, INA and FAG, 4 manufacturing plants and 11 sales offices, Schaeffler has a significant presence in India. Schaeffler is among the largest Industrial and Automotive supplier with sales of INR 43.6 billion in 2019 and around 2800 employees. The manufacturing plants in Maneja and Savli (Vadodara), produce a vast range of ball bearings, cylindrical roller bearings, spherical roller bearings and wheel bearings that are sold under the brand name of FAG. The plant at Talegaon near Pune, manufactures engine and powertrain components for front accessory drive system, chain drive systems, valve train, gear shift systems and a range of needle roller bearings and elements, under the brand INA. The fourth manufacturing location is based out of Hosur, producing a wide range of clutches and hydraulic clutch release systems for passenger cars, light commercial vehicles, heavy commercial vehicles and tractors sold under the brand of LuK. Schaeffler also has the largest after-market networks serving the industrial and automotive customers. All of this is backed by dedicated engineering, research and development support based in India in support of product teams.
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