Tag: SUPPORT

HDFC Bank signs MoU with LEAF to support farmers

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HDFC Bank

Telugu super news,India 2022: HDFC Bank today announced the signing of a Memorandum of Understanding with Lawrencedale Agro Processing India (LEAF), an integrated full-stack ag-tech solutions provider, to support and engage more deeply with the farming community. The Bank will extend its specialised services and facilities to farmers, agri-producers, agri-preneurs and other rural communities. 

With the MoU, HDFC Bank will work together with LEAF Farmers Network (LFN) in the operational areas under LEAF; primarily Andhra Pradesh, Karnataka, and Tamil Nadu. This agreement is signed to expand the financial accessibility and inclusivity of farmers and the scope of the Farmer Producer Organization (FPO) ecosystem. Over 4 Lakh farmers across the three states are expected to benefit from this association.

The MoU was signed by Mr. Anil Bhavnani, Sr Executive Vice President, and Head Rural Banking, RBB, HDFC Bank and, Mr. Palat Vijayaraghavan, Founder & CEO, Lawrencedale Agro Processing India (LEAF), in the presence of Ms. Vandita Shively, Go-To-Market Strategy, Lead, HDFC Bank.

LEAF has also partnered with Mastercard to launch LFN (LEAF Farmers Network). This partnership will transform the lives of Indian farmers by leveraging technology aided by human intervention to solve multiple challenges of transparency in India’s rural ecosystem. HDFC Bank will also leverage on this relationship by getting into an agreement with LEAF.

HDFC Bank

“Our partnership with LEAF will create great outcomes. It will improve and provide financial access and inclusion to the entire rural ecosystem, drive impact and create shared success”, said Mr. Anil Bhavnani, Sr Executive Vice President, and Head Rural Banking, RBB, HDFC Bank.

“Our mission at LEAF is to bring about positive impact to millions of marginalized, small land-hold farmers in India. Majority of our LEAF Farmers Network (LFN) are pre-dominantly located in the interior rural belts where there is abundance of fertile farming lands. HDFC Bank is one of the largest banking institutions in the country and their growing presence in the rural and semi urban belts makes them the perfect player to partner with. We are thrilled to partner with HDFC Bank in our joint effort of promoting the upliftment of the rural economy”, said Mr. Palat Vijayaraghavan, Founder & CEO, Lawrencedale Agro Processing India (LEAF).

Carlsberg India celebrated 75th Independence Day by distributing flags to employees in support of ‘Har Ghar Tiranga’

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Carlsberg-India-celebrated-

This year, India completes 75 years of independence on the 15th of August 2022. To mark the occasion, the Ministry of Culture, Government of India, under the aegis of ‘Azadi ka Amrit Mahotsav’, has launched a campaign ‘Har Ghar Tiranga’ between August 13 – 15 2022, to encourage the citizens to hoist the National Flag at their homes and offices. 

Carlsberg India proudly hoisted the ‘Tiranga’ at all their breweries and offices across the country in support of the government-led initiative. 

“On 75th Independence Day, we at Carlsberg India, in support of the government’s campaign ‘Har Ghar Tiranga’, hoisted the National Flag at our Brewery in Hyderabad. For further success of the campaign, we distributed the National Flags for our employees to hoist at their respective homes. Through this ceremony a great sense of patriotism and excitement was felt within our employees.” – said Abhishek Arora, VP HR at Carlsberg India 

“We invited the children to their parent’s workspace to celebrate the day and participate in the flag hoisting. Children also participated in the Independence Day poster making and drawing competition very enthusiastically at the respective locations. This initiative sparked a sense of patriotism as well as helped promote awareness and a sense of respect for the symbols of Independence amongst the our employees and their families.” he added. 

This initiative has helped bring a change from previous years when the National Flag was only hoisted at institutions. The ‘Har Ghar Tiranga’ campaign in the 75th year of Independence is symbolic of an act of personal connection to the National Flag as well as an embodiment of our commitment to nation-building and unity.

Carlsberg India believes in making the National Campaign on ‘Har Ghar Tiranga’ a success.

OXFORD ECONOMICS HIGHLIGHTS RECKITT’S SUPPORT FOR INDIAN ECONOMY AND COMMUNITIES

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OXFORD-ECONOMICS-HIGHLIGHTS

Oxford Economics today published its independent analysis of the significant
economic impact of Reckitt Benckiser Group plc (“Reckitt”) in India, one of Reckitt’s top three markets. As a
global leader in health, hygiene, and nutrition products, Reckitt contributed a total of INR78.8 billion (£775
million) to India’s Gross Domestic Product (GDP) in 2021.The report 2 assesses the value Reckitt brings to the Indian economy and society by combining three key impacts: Gross Domestic Product (GDP), employment and government receipts in 2021.

Other report highlights include:
• High GDP multiplier – Reckitt has a GDP multiplier of 2.5, almost double that of the average chemical
and pharmaceutical manufacturing company in India. That means for every INR 1 million in GDP
Reckitt generated in 2021, its expenditure on inputs and wages stimulated an additional INR 1.5
million in the local economy. 3
• Supportive Supply chain – Over 95% of Reckitt’s local procurement is with suppliers in India.
• Employment enabler – Reckitt’s employment multiplier in India is 21 4 , almost 6 times the national
average.
“Our research demonstrates the significant contribution that a large and successful global company like
Reckitt can make to the Indian economy; supporting employment opportunities, improving public health, and
advancing social development across the country,” said Adrian Cooper, CEO of Oxford

OXFORD-ECONOMICS-HIGHLIGHTS

1 This is measured as the average gross valued added contribution to GDP produced by each Reckitt employee. 2 The modelling is underpinned by Oxford Economics’ bespoke Global Sustainability Model (GSM) that analyses a company’s economic impact across three core channels of direct impact, indirect impact and induced impact. 3 The total GDP impact is 2.5 times the direct GDP impact alone. In other words, for every INR1 million GDP that Reckitt itself generated in 2021, its expenditure on inputs and wages stimulates a further INR1.5 million of GDP across the country. 4 Reckitt India’s employment multiplier in 2021 is 21, meaning every 100 jobs in Reckitt supported 2,000 jobs in other parts of the Indian economy.
Media release • 1
Economics. “Reckitt has also invested in improving community access to the highest quality hygiene, wellness and nourishment among the local population.”The report highlights Reckitt’s contribution to wider social development in India, including its Research and Development (R&D) initiatives, upskilling its workforce and promoting gender inclusion, and supporting local communities to lead healthier and more hygienic lives.

OXFORD-ECONOMICS-HIGHLIGHTS

Laxman Narasimhan, CEO of Reckitt, commented: “We’re extremely proud of our strong roots in India and
the world-leading R&D and IT facilities we’ve established here. India is a great source of talent for our business
and the local supply chain is key to our success. In line with the Government’s ‘Make in India’ campaign, 95%
of Reckitt’s local procurement is with Indian suppliers.”

Gaurav Jain, Reckitt’s SVP South Asia, commented: “As a fixture of Indian households since 1934, we’re
delighted to publish this report ahead of India’s 75 th Independence Day celebrations. Oxford’s independent
assessment underlines our commitment to building on this strong heritage. We look forward to supporting
India’s economic growth, employment opportunities and solving societal challenges for years to come.”
Reckitt partners with the Government of India, non-governmental organizations (NGOs), industry
associations and other organisations to tackle societal challenges. Its key social impact programmes in India
include:
• The Dettol Banega Swasth India Campaign, which works towards improving people’s behaviours
around health and hygiene, reaching 116 million people since it launched in 2014.
• The Dettol School Hygiene Education Programme, which teaches children hygiene behaviours like
hand washing and has educated 20 million children in five critical hygiene settings – at home, school,
within neighbourhoods, personally and during illness.
• The Reach Each Child Programme, which has saved 6,500 children from death and illness from
malnutrition.

OXFORD-ECONOMICS-HIGHLIGHTS

• The Harpic World Toilet College Programme, which provides India’s sanitation workers with
greater economic prosperity, increased dignity, and a safer working environment, has trained over
15,800 workers.
https://www.reckitt.com/sustainability/purpose-led-brands/the-economic-impact-of-reckitt-in-india/