Mumbai: June 2 (UNI) ICICI Bank on Friday announced a commitment to contribute Rs 1,200 crore towards Tata Memorial Centre (TMC), that runs cancer treatment and research centres across the country.
ICICI Bank will donate the money from its CSR funds to set up three new buildings spanning over a combined area of 7.5 lakh square feet and equip them with state-of-the-art machines at TMC’s centres at Navi Mumbai in Maharashtra, Mullanpur in Punjab and Visakhapatnam in Andhra Pradesh.
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.
ICICI Foundation has signed an agreement with TMC to express this commitment.
Sanjay Datta, President, ICICI Foundation and R. A. Badwe, Director, Tata Memorial Centre signed the agreement, a release said here on Friday. UNI JM ssp