Biocon Foundation, the CSR arm of Biocon Group of companies, has signed a Memorandum of Understanding (MoU) with the Bangalore Metro Rail Corporation Limited (BMRCL) to contribute Rs 65 Crore towards funding the construction of the proposed Hebbagodi Metro Station on Hosur Road.
The MoU was signed between Kiran Mazumdar-Shaw, Founder and Managing Trustee, Biocon Foundation and Mr Ajay Seth, Managing Director, BMRCL.
As a recognition of Biocon Foundation’s contribution to society, BMRCL will approach the Government of Karnataka jointly with Biocon Foundation for naming the Hebbagodi Metro Station as ‘Biocon Hebbagodi Metro Station’.
Kiran Mazumdar-Shaw, Founder and Managing Trustee, Biocon Foundation, said, “We are pleased to partner with BMRCL for the construction of the Metro station at Hebbagodi on Hosur Road. Through our contribution of Rs 65 crore, we are fulfilling our responsibility towards environmental sustainability by providing an alternate means of mobility for the citizens of Bengaluru. This project will help in easing traffic congestion by enabling greater use of public transportation. Biocon Foundation is committed to invest in building resilient healthcare, education, water and sanitation, and public infrastructure to drive social inclusion and the Bangalore Metro is a great addition to the public infrastructure in Bengaluru.”
Ajay Seth, Managing Director, BMRCL, said: “We are extremely happy to have Biocon Foundation for coming forth with their support for Sustainable Urban Development and Urban Transport. BMRCL is committed to and is working actively to add 128 km of new metro network in the coming five years.”
