Arvind inks ₹ 100 million deal with ACT Grants to produce N95 masks - News Summed Up

Arvind inks ₹ 100 million deal with ACT Grants to produce N95 masks


NEW DELHI : Arvind Limited, one of India’s largest textile-to-retail conglomerate and ACT Grants have partnered to produce 30 million N95 masks in the next 12 months. The N95 masks will be available through Arvind Advanced Material Distribution partners, direct sales channels to Government, hospitals, and other corporates. ACT will work with partner NGOs & Foundations to make these N95 masks available free of cost," said Apurv Bansal, Spokesperson from ACT Grants. ACT Grants is a ₹100 crore grant created by India’s VC and start-up community to provide stimulus to ideas that could combat Covid-19 with immediate impact. ACT Grants is seeking capital-efficient, scalable solutions from NGOs and innovative start-ups which need an initial seed grant to fight the spread of the pandemic.


Source: Mint September 15, 2020 08:37 UTC



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