Educational scholarships and grants amounting to INR 30 crore provided to support widows and children of physical casualties of the Indian Army
Bengaluru, India – March 15, 2023: Infosys Foundation, the philanthropic and CSR arm of Infosys, today announced that it has signed a Memorandum of Understanding (MoU) with the Directorate of Indian Army Veterans (DIAV) to provide educational grants and scholarships worth INR 30 crore to widows and children of army personnel, who have been impacted through physical casualty.
Through this collaboration, more than 14,000 widows and children of army personnel from across the country will be able to advance their educational journey. This benefit will be extended to individuals wanting to pursue education from classes 1 to 12, graduation, post-graduation, professional courses, and grants towards computer literacy.
Infosys Foundation has a long-standing and unwavering commitment towards the Indian armed forces. Since 2016, Infosys Foundation has supported the Rehabilitation and Welfare section of the Indian Army with financial support to thousands of widows, and the next of kin of physical casualties, with grants amounting to INR 40 crore.
“We appreciate the support of the Infosys Foundation in creating avenues through which widows and children of Indian Army personnel who suffered physical casualties can restart and accelerate their educational journey. This will provide the necessary financial assistance to families of many such army personnel to empower them with a powerful tool like education, that will undoubtedly impact their lives positively, and bring about change”, said, Brigadier Vikas Bharadwaj – Directorate of Indian Army Veterans (DIAV).
Sunil Kumar Dhareshwar, Trustee, Infosys Foundation, said, “Our long-standing collaboration with the defence forces, along with education being a core pillar of Infosys Foundation’s vision, will further help this initiative to equip Army widows and children with knowledge levers that can help them realize their full potential. This collaboration is also aimed at inspiring them to achieve their aspirations, while being financially secure.”
About Infosys Foundation
Established in 1996, the Infosys Foundation supports programs in the areas of education, rural development, healthcare, women empowerment, arts and culture, and destitute care. Its mission is to work with the underprivileged across the country and strive towards a more equitable society. The Infosys Foundation takes pride in working with all sections of society, selecting projects with infinite care, and working in areas that are traditionally overlooked by society at large.
For more details, please log on: www.infosys.com/infosys-foundation
Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.
Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India and the US, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2022. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
Post a Comment