Infosys Foundation to launch Mobile Medical Services in Karnataka; stock slips ~1.5%

6 Jun 2022 , 11:31 AM

Infosys Foundation, the philanthropic and CSR arm of Infosys Limited, today announced the launch of four mobile laboratories–also called ‘Lab Built on Wheels’–to provide cost effective diagnostic solutions and curb the spread of communicable diseases primarily among the rural population of Karnataka.

Infosys Foundation had signed an MoU with Rotary Bangalore Southwest Charitable Trust (Rotary Trust), to support with a grant of Rs4 crore to make these mobile medical laboratories.

Infosys Foundation, together with Rotary Trust, handed the mobile laboratories to the Hon’ble Government of Karnataka in the presence of Sri. Basavaraj Bommai, Hon’ble Chief Minister of Karnataka, and Dr. K Sudhakar, Hon’ble Minister of Medical Education and Health of Karnataka.

Speaking at the launch event, Krish Shankar – Executive Vice President, Group HR Head, Infosys & Trustee, Infosys Foundation, said, “We have always embraced our responsibility to create a positive impact on the environment and for the communities we work.

This is part of a continuous effort by Infosys Foundation to ensure that the underprivileged people in India have affordable, on-time access to clean, hygienic, and appropriate medical treatment and healthcare. We are grateful to the state government for their support and appreciation.”

Rotary Trust had collaborated with Saicorp Health Technologies (SHTPL) who have set up these labs in accordance with BSL level 2 safety standards. Each mobile lab is equipped with a medical unit, pharmacy, and a minimal invasive emergency care unit, media reports said.

Infosys is currently trading at Rs1,500.30 down by Rs21.7 or 1.43% from its previous closing of Rs1,522 on the BSE. The scrip opened at Rs1,521 and has touched intraday high and low of Rs1,521 and Rs1,493.05 respectively.