IKEA donates Rs 92 crore for safe water projects in India, Indonesia
Posted on:23 Mar 2016 09:50:34
23 March 2016 Current Affairs GK: Swedish furniture retailing giant IKEA will contribute 12.4 million euro (Rs 92.84 crore) to provide safe water and sanitation to one million people in India and Indonesia through Water.Org.IKEA Foundation has announced a new grant of 12.4 million euro to Water.Org on the occasion of the World Water Day, it said in a statement."IKEA Foundation is committing 12.4 million euro to Water.Org to expand its WaterCredit model, helping families have access to small, affordable loans so they can get safe water and sanitation," it added.IKEA Foundation is the philanthropic arm of INGKA Foundation, the owner of the IKEA Group of companies.Commenting on the development, Matt Damon, co-founder of Water.Org said: "Our work at Water.Org has never been more important, and thanks to this grant and to IKEA Foundation, we are going to help hundreds of thousands of kids gain access to safe water and sanitation and impact their lives forever."IKEA Foundation CEO Per Heggenes said: "We believe that every child deserves a healthy start in life and this is why we are supporting Water.Org's innovative programmes to help families in India and Indonesia access safe water and better sanitation facilities, giving them improved health and a life of dignity."The World Bank estimates that 2% of communicable diseases in India are linked to unsafe water and the lack of hygiene practices, and 50% of India's population continues to practice open defecation, the statement said.In Indonesia, more than 33 million people lack access to safe water and 100 million lack access to improved sanitation facilities.
FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2017 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail