John Deere Commits $2.7 million to Assist India in Fight Against COVID-19
On May 18, 2021, John Deere (NYSE: DE) announced its commitment of over $2.7 million to support India's response to COVID-19.
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Rhea-AI Summary
On May 18, 2021, John Deere (NYSE: DE) announced its commitment of over $2.7 million to support India's response to COVID-19. This initiative focuses on providing medical resources such as oxygen generators, ventilators, and ambulances. John Deere aims to enhance healthcare infrastructure in collaboration with United Way Mumbai. CEO John C. May highlighted the company's longstanding presence in India and its commitment to community investment. This funding aims to address immediate healthcare needs and foster long-term recovery.
Positive
- Commitment of over $2.7 million for urgent medical resources in India.
- Collaboration with United Way Mumbai to enhance healthcare infrastructure.
- Investment aimed at addressing immediate and long-term healthcare needs.
Negative
- None.
Details
News Market Reaction – DE
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MOLINE, Ill., May 18, 2021 /PRNewswire/ -- John Deere (NYSE: DE) announced today commitments of over
"Our investment in communities in India where our employees, customers and business partners live and work is designed to help address the greatest needs in the ongoing fight against COVID-19," said John C. May, Chairman and Chief Executive Officer for Deere & Company. "This investment is particularly meaningful for John Deere, which has had a presence in India for more than 20 years and is the ancestral home for thousands of employees around the world."
John Deere India will work with United Way Mumbai to develop health care infrastructure as needed by state disaster management authorities overseeing COVID-19 response efforts. These include providing oxygen generator plants, oxygen concentrators, Ambulances, ventilators, child ventilators, setting up ICU's and other vital medical devices to establish health care centers.
"John Deere's higher purpose—we run so life can leap forward—guides our response to COVID-19," said Shailendra Jagtap, Country Manager, John Deere India. "We use resources to address the most pressing and immediate needs people are facing. At the same time, we are committed to invest in areas that can achieve long-term recovery and resilience against any future challenges we may face."
About John Deere
Deere & Company (www.JohnDeere.com) is a world leader in providing advanced products, technology, and services for customers whose work is revolutionizing agriculture and construction — those who cultivate, harvest, transform, enrich, and build upon the land to meet the world's increasing need for food, fuel, shelter, and infrastructure.
View original content:http://www.prnewswire.com/news-releases/john-deere-commits-2-7-million-to-assist-india-in-fight-against-covid-19--301293891.html
SOURCE Deere & Company
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