ICICI Bank contributes Rs 1200 crore to Tata Memorial for cancer treatment facilities in Maharashtra, Punjab and AP
Mumbai: ICICI Bank has committed Rs 1,200 crore to the Tata Memorial Centre (TMC), making it the largest contribution by any corporate entity to TMC. TMC will use the funds to establish three new state-of-the-art blocks at its hospitals in Maharashtra, Punjab, and Andhra Pradesh.
The new buildings, with state-of-the-art facilities and multi-disciplinary equipment, will double the capacity of patients receiving advanced oncology treatment.
The ICICI Bank's CSR initiative, the ICICI Foundation for Inclusive Growth, aims to complete the construction of these state-of-the-art buildings by 2027. As a result, they can provide advanced and evidence-based therapies to approximately 25,000 new patients annually. This will double the existing capacity and significantly enhance the country's cancer treatment infrastructure.
The signing took place in the presence of Girish Chandra Chaturvedi, chairman of ICICI Bank, and Sandeep Batra, executive director of ICICI Bank. Chaturvedi also inaugurated the ICICI MRI Facility at Tata Memorial Hospital in Mumbai, equipped with an advanced MRI machine supported by ICICI Foundation. Chaturvedi said that ICICI Foundation, through its various initiatives, including environmental conservation, skill development for sustainable livelihood, affordable healthcare, and community development projects, has positively impacted over 109 lakh beneficiaries.
Chaturvedi expressed that the commitment of Rs 1,200 crore will help enhance cancer care services by providing access to advanced therapies in different regions of India. These new buildings will also serve as regional referral centres, reducing the need for patients to travel long distances to Tata Memorial Hospital in Mumbai.
"We are extremely grateful to ICICI Foundation for embarking on one of the largest CSR initiatives to improve cancer care across the country," said Dr R. A. Badwe, Director of Tata Memorial Centre.
He added that the new infrastructure at TMC's hospitals in Navi Mumbai, Visakhapatnam, and Mullanpur would enable timely, high-quality treatment at highly subsidized costs. He stressed the importance of providing advanced cancer care closer to patients' homes.
ICICI Foundation's commitment includes the establishment of an 'ICICI Radiation Oncology Block' at TMC's Advanced Centre for Treatment, Research & Education in Cancer (ACTREC) in Navi Mumbai, Maharashtra. This block will house state-of-the-art radiology facilities, such as CT scanners and MRT, outpatient facilities, laboratories, and inpatient radiotherapy services. This complete setup will significantly reduce investigation waiting times and enhance treatment quality.
Additionally, ICICI Foundation will set up two 'ICICI Pediatric and Hematological Oncology Blocks at TMC's Homi Bhabha Cancer Hospital and Research Centre in Mullanpur, Punjab, and Visakhapatnam, Andhra Pradesh. These centres will provide advanced equipment and therapies tailored for pediatric and haematological cancers.
