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Paytm O2 plants in 13 cities soon

Co Foundation raises Rs 10 cr from public, matches it

Paytm Foundation has raised Rs 10 crore from people its #OxygenForIndia initiative and has matched the donation amount.

MUMBAI, May 4 (The CONNECT) - Paytm Foundation will set up oxygen plants at hospitals in 12-13 cities as hospitals across pan-India that face oxygen shortage amid the tumultuous second Covid-19 wave.

Paytm Foundation has also sourced over 21,000 Oxygen Concentrators that would be sent to government hospitals, COVID care facilities, private hospitals, nursing homes as well as Resident Welfare Associations in mid-May.

Oxygen plants are devices that render possible the production of medical oxygen from ambient air while simultaneously supplying the gas to multiple beds. The company has raised Rs 10 crore from people across the country under its  #OxygenForIndia initiative and has matched the donation amount making it a total contribution of Rs 20 Crore. Paytm is working in conjunction with other prominent organisations including Elevation Capital and the American Indian Foundation. The donation garnered under the initiative will be used to purchase Oxygen Concentrators and oxygen plants, costing between 50 lakh to 1 Crore each.

Paytm is currently between dialogues with the State Governments and hospitals for affirmation and approval to set up these oxygen plants; once purchased, the oxygen plants will be provided free of cost to Government hospitals by Paytm Foundation.

A Paytm spokesperson said, “Before economic growth, we need to think about the sustainability of our human forces, the people. While Oxygen Concentrators are good for short term support, we figured out that oxygen plants could provide our healthcare system with larger support. Hence, we decided to direct our donations to build oxygen plants at government hospitals for free.”

With aim of saving a maximum number of lives, the Paytm Foundation is also supporting other start-ups, organisations and enterprises to source OCs from the international market. This will help to minimize the timeline for logistical requirements while ensuring that hospitals and COVID care centres receive the much needed OCs soon. The entire sourcing, regulatory approvals, and delivery will be managed by the foundation, while the other organizations only need to pay for the cost of the OCs that they will order.

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