National

Natco chairman donates 1.5 lakh shares to Hyderabad Eye Research Foundation

M Somasekhar Hyderabad | Updated on January 12, 2018 Published on June 22, 2017

Natco Pharma Vice- Chairman & CEO, Rajeev Nannapaneni has donated 1.5 lakh shares valued at Rs 15 crore to the Hyderabad Eye Research Foundation, the research arm of L V Prasad Eye Institute.

The objective is to find useful approaches to tackle the problems of blindness and visual impairment in children that can benefit India and other developing countries.

He joins a long list of corporate honchos who have liberally supported the research and clinical work at the premier Eye Institute in the private sector over the year. It includes, K Anji Reddy, founder of Dr Reddy’s Labs, GM Rao, founder of the GMR Group; BV Mohan Reddy of Cyient, Tej Kohli of Kohli Ventures.

Accepting this donation, Gullapalli N Rao, Founder and Chair, LVPEI said , “It is exciting to see such spirit of generosity in youngsters like Rajeev and his wife, Swathi. This support will allow us to transform our efforts in children’s eye health and create a global resource centre with huge impact throughout the developing world. Millions of children will be treated by this act of generosity.”

In 2016-17, children constituted 18 per cent of LVPEI’s patient profile across locations.

The Child Sight Institute is a children’s eye health division of LVPEI, encompassing all children’s eye health programmes that the Institute is engaged in. It includes care at all levels from primary to advanced tertiary across four states – Telangana, Andhra Pradesh, Odisha and Karnataka.

Every form of children’s eye problems can be treated at this Institute irrespective of the person’s ability to pay. In addition, this Institute will have partnerships with multiple centres in India and the developing countries. In education and research, it will build on existing collaborations with leading institutes in the US, Europe and Asia, a press release stated.

Published on June 22, 2017
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