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Journalism of Courage
‘Embassy Office Parks REIT (‘Embassy REIT’), India’s first listed REIT along with Blackstone, one of the world’s leading investment firm, has pledged its support, has pledged its support to Roundtable India, an NGO, in its effort to set up an oxygen generation facility at the dedicated civic hospital in Baner.
As part of this initiative by the Pune Municipal Corporation, an oxygen generation facility with a capacity of 1,000 LPH and 209 hospital beds and a total investment of Rs 1.3 crore, will be set up at a Covid-19 dedicated hospital. The project is expected to be completed by mid-July 2021, according to a press release.
Mike Holland, CEO of Embassy REIT, said, “We are pleased to join forces and mobilise our resources towards helping hospitals and healthcare workers in need. This challenging period has reaffirmed the importance of collaborative partnerships to create significant positive impact across communities.”
Additional Municipal Commissioner Rubal Agarwal said, “On behalf of the Pune Municipal Corporation, we are grateful to Embassy REIT and Blackstone for their support during these challenging months. The current situation has put an immense strain on our resources. This oxygen generation facility is a critical step towards strengthening our healthcare infrastructure.”
