CSR Leaders

ICICI Bank commits a contribution of Rs 1,200 crore to Tata Memorial Centre

Tata Memorial Centre

ICICI Bank made a Rs 1,200 crore contribution to Tata Memorial Centre (TMC), a leading institution that operates cancer treatment and research sites across the country.

ICICI Bank would give money from its CSR funds to create three new structures with a total space of 7.5 lakh square feet at TMC’s facilities in Navi Mumbai, Punjab, and Visakhapatnam, Andhra Pradesh.

ICICI Foundation for Inclusive Growth (ICICI Foundation), the CSR arm of ICICI Bank, will undertake the plan, which is expected to be finished by 2027.

These new oncology treatment centres will provide advanced and evidence-based therapies to nearly 25,000 new patients per year, doubling current capacity and providing a significant boost to the country’s cancer treatment infrastructure.

Tata Memorial Centre

To demonstrate its commitment, the ICICI Foundation has signed a deal with TMC. Mr. Sanjay Datta, President, ICICI Foundation, and Dr. R. A. Badwe, Director, Tata Memorial Centre signed the agreement in the presence of Mr. Girish Chandra Chaturvedi, Chairman, ICICI Bank, and Mr. Sandeep Batra, Executive Director, ICICI Bank.

Mr. Chaturvedi also launched the ICICI MRI Facility today at Tata Memorial Hospital in Parel, Mumbai, in the presence of Dr. Badwe and Mr. Batra. This institution has a sophisticated MRI machine, which is funded by the ICICI Foundation.

Mr. Girish Chandra Chaturvedi, Chairman of ICICI Bank, said on the occasion, “ICICI Bank has a long history of serving the nation.” In keeping with this attitude, the ICICI Foundation has been working tirelessly to improve residents’ well-being through its varied programmes in environmental protection, skill development for sustainable livelihood, affordable healthcare, and community development projects. Over the years, the ICICI Foundation has planted over 2.6 million trees across the country, built capacity for harvesting 17.1 billion litres of rainwater annually at 5000 rural schools and watershed structures, installed rooftop solar panels for rural schools, and benefited over 2.9 million lives through skilling initiatives, with more than half of those beneficiaries being women. It has also benefited more than 6.5 million people.

We are investing Rs 1,200 crore today to the construction of three new blocks at TMC’s centres in Navi Mumbai, Mullanpur, and Visakhapatnam by 2027. This programme, as part of our commitment to improving healthcare, will improve comprehensive cancer care services in many regions of our country by providing patients with access to modern and cutting-edge cancer medicines. These new structures will also function as regional referral centres, reducing the need for patients to travel great distances to Tata Memorial Hospital in Parel, Mumbai.

Dr. R. A. Badwe, Director of Tata Memorial Centre, remarked on the occasion, “We are extremely grateful to ICICI Foundation for embarking on one of the largest CSR initiatives to improve cancer care across the country.” The infrastructure being built to Tata Memorial Centre’s three hospitals in Navi Mumbai, Visakhapatnam, and Mullanpur will provide residents in the region with timely and high-quality treatment at greatly reduced costs.  It is vital that advanced cancer care be offered closer to home so that more people in the region can benefit from such therapies.