Vodafone to set up foundation in India

NEW DELHI, INDIA: Vodafone Group Plc has announced to set up the Vodafone India Foundation, with an initial commitment of $10 million.

The aim of the Foundation is to make a positive contribution to Indian society by providing direct grants to locally registered charities and global NGOs with suitable social investment aims and objectives, Vodafone said in a release.

The Foundation will initially focus on projects associated with providing education for young people across India, enabling the development of higher skill sets.

Arun Sarin, Vodafone chief executive, also appointed as the first chairman of the Foundation, said, “As someone who was born and raised in India, I recognise the need for our youth to be empowered from a knowledge perspective. We believe the Foundation will become an effective catalyst in this regard.”