ICICI to donate `1,200 cr to Tata Memorial

Visakhapatnam ICICI Bank has pledged a contribution of Rs 1,200 crore to Tata Memorial Centre (TMC), a premier institution that runs cancer treatment and research centres across the country.

The donation from CSR funds will be spent on setting up three new buildings spanning over a combined area of 7.5 lakh square feet and equipping them with state-of-the-art machines at TMC’s centres in Visakhapatnam in Andhra Pradesh, Navi Mumbai in Maharashtra and Mullanpur in Punjab.

With the largest contribution from any institution to TMC, ICICI Foundation for Inclusive Growth (ICICI Foundation), the CSR arm of ICICI Bank, will implement the initiative, which is likely to be completed by 2027. With modern equipment and specialised multidisciplinary teams, these new centres of excellence in oncology treatment will provide advanced and evidence-based therapies to nearly 25,000 new patients a year, doubling the present capacity and providing a significant boost to the country’s cancer treatment infrastructure.