PepsiCo Foundation invested over $22M in India to provide safe water access to communities in need
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
PepsiCo, Inc. and The PepsiCo Foundation announced today that the company has helped more than 55 million people gain access to safe water globally since 2006 and out of this, 50 per cent beneficiaries i.e. over 27 million people are from India.
The Foundation also catalyzed nearly $700 million in additional funding over the same period which included over $22 million investment in India to partner with multiple organizations like Water.org, Safe Water Network & WaterAid to help provide safe water access to marginalized communities. The milestone announced today marks significant progress towards PepsiCo's goal of reaching 100 million people globally with safe water access by 2030.
PepsiCo Foundation has also partnered with Safe Water Network to launch a community program in and around Hyderabad to install community water access points, increase WASH (water, sanitation, and hygiene) education in schools, and build best practices for the community water sector.
According to Ahmed ElSheikh, President, PepsiCo India "As part of its 'Winning with Purpose' vision, PepsiCo through its Foundation has actively been working towards bringing sustainable safe water access to underserved communities. In India specifically, PepsiCo has been helping communities to effectively conserve, manage, and distribute water for more than a decade through innovative practices like direct seeding, drip irrigation, and community water recharge interventions. PepsiCo India is also fully aligned to the Government's ‘Jal Jeevan Mission' and the company's philanthropic arm has committed an additional $3 million last year towards positively impacting another 2,00,000 farming communities in West Bengal and Maharashtra through sustainable safe water access interventions."
PepsiCo Foundation's project with WaterAid in South India-Nelamangala, Palakkad and Sricity crossed a milestone of benefiting over 2,70,000 people through interventions in those districts and have enabled harvesting of over 160 million litres of water through rain water harvesting and recharging of over 2,300 million litres of groundwater by year end 2020.
