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Vodafone steps in to help India

November 2007

The Vodafone Group is to set up the Vodafone India Foundation with an initial injection of $10million (£4.85m) to offer social and educational aid.

This decision is in line with the group’s commitment to invest in the communities in which it operates. The group has built up a network of 23 foundations worldwide in five years.

The new foundation will give grants to local charities and global non-governmental organizations with suitable objectives. Its first beneficiaries will be educational projects to endow young people with better skills.

Arun Sarin, Vodafone’s chief executive, who will be the foundation’s first chairman, said: ‘As someone who was born and raised in India, I recognize the urgent need for our youth to be empowered from a knowledge perspective. We believe the foundation will become an effective catalyst.’

Vodafone has previously made social investments in India by providing emergency response to the recent floods. The Vodafone Group Foundation allocated £150,000 ($307,000) to assist victims through international relief agencies including Oxfam.




Further Information
http://www.vodafonefoundation.org
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