The Goldman Sachs Group, Inc. in May announced an additional USD 10 million (Rs 74 crore) commitment to support relief and recovery efforts in India, as the country experiences a surge in Covid-19 cases and deaths.

“Since the onset of the pandemic, our firm has been focused on how we can help communities around the world, including those where we live and work,” said David M. Solomon, Chairman and Chief Executive Officer.

“India is home to three Goldman Sachs offices and we have a responsibility to respond and provide our firm’s support and assistance.” The additional funding for India will focus on support for frontline health facilities that are leading the fight against Covid-19 in cities such as Bengaluru, Hyderabad, Mumb ai and New Delhi, including ongoing vaccination efforts. The funds will also be deployed to support initiatives promoting mental health in communities across India and will help economic recovery within those communities.