Goldman Sachs Commits Additional $10 Million to Support COVID-19 Relief and Recovery Efforts in India
NEW YORK/MUMBAI, April 29, 2021 – The Goldman Sachs Group, Inc. today announced an additional $10 million commitment to support relief and recovery efforts in India, as the country experiences a surge in COVID-19 cases and deaths.
“Since the onset of the pandemic, our firm has been focused on how we can help communities around the world, including those where we live and work,” said David M. Solomon, Chairman and Chief Executive Officer. “India is home to three Goldman Sachs offices and we have a responsibility to respond and provide our firm’s support and assistance.”
The additional funding for India will focus on support for frontline health facilities that are leading the fight against COVID-19 in cities such as Bengaluru, Hyderabad, Mumbai and New Delhi, including ongoing vaccination efforts. The funds will also be deployed to support initiatives promoting mental health in communities across India and will help economic recovery within those communities.
Frontline health facilities include portable COVID-19 care centers, oxygen concentrators and generators, and isolation care units at homes for non-critical patients from low income communities.
Sonjoy Chatterjee, Chairman and Chief Executive Officer of Goldman Sachs in India, said, “We are proud to support India in combating this crisis, helping to augment its medical infrastructure and drive vaccination efforts.”
Gunjan Samtani, Head of Goldman Sachs Services in India, added, “Goldman Sachs continues to stand with India as it tackles this unprecedented health crisis and seeks a pathway to sustained recovery.”
Today’s commitment builds on the $42 million Goldman Sachs has already deployed to more than 300 nonprofits across 31 countries through the COVID-19 Relief Fund, and the firm’s $525 million commitment to small businesses. This included a USD1 million commitment to India in 2020 which was fully allocated to the distribution of food and essential supplies to help displaced segments of the population due to the pandemic.
The Goldman Sachs Group, Inc. is a leading global financial institution that delivers a broad range of financial services across investment banking, securities, investment management and consumer banking to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
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