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Alstom Foundation to finance 3 new projects in India

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Press Trust of India New Delhi
Last Updated : Oct 06 2017 | 9:57 PM IST
Alstom Foundation today said it will finance three new projects in India with a focus on economic and social development.
"The Alstom Foundation will support 17 projects this year spread across all continents with a particular focus on economic and social development," it said in a statement.
The selected projects are in Cambodia, India, the Philippines, Vietnam, France, Italy, the UK, Chile, Mexico, Peru, US, Algeria, Morocco and Senegal.
It said that in India, the pivot of the Foundations work is around education and self-reliance programmes, especially for women.
In Tamil Nadu, Alstom Foundation will work with the NGO SEVAI (Society for Education, Village Action and Improvement) to set up 600 self-help groups to empower 8,400 women who are living below the poverty line.
These women will be trained to set up micro-enterprises and will be extended credit to nudge them towards self- reliance and better economic prospects.

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Similarly, the Foundation's work in Bengaluru (Karnataka), in partnership with the NGO Objectif France Inde, will give a safe home, education and healthcare to 16 street children every year.
The Alstom Foundation, in association with local NGO partner PRAGYA, has introduced mobile health care vans to attend to the medical needs of several communities around Madhepura, in Bihar.
The Alstom Foundation has supported a total of 168 projects across 52 countries since its creation.
With a budget of 1 million euros per year, the Alstom Foundation supports and funds projects proposed by Alstoms employees who team up with local partners and not-for-profit organisations to carry out initiatives aimed at improving living conditions in communities located near the company's facilities and project sites around the world.

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First Published: Oct 06 2017 | 9:57 PM IST

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