Corporate Giants Join the Global Race to Fight India Covid Crisis
- Ventilators, oxygen, ICU beds offered to help Covid patients
- Conglomerates, oil refiners, steel makers are also pitching in
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As Indian authorities and hospitals struggle to cope with record Covid-19 infections and deaths, companies ranging from the nation’s biggest conglomerate to global giants like Amazon.com Inc. are stepping in to help ease the crisis.
Reliance Industries Ltd., controlled by Asia’s richest man Mukesh Ambani, the Tata group, global drug giants like Gilead Sciences Inc., technology titans such as Alphabet Inc. are all rushing in supplies and funds. Blackstone Group Inc.’s Chairman Stephen Schwarzman said his private equity firm is committing $5 million to support India’s Covid relief and vaccination services to “marginalized communities.”