MUFG Pledges INR 105.1 Million towards Mid-Day Meal Programme with Akshaya Patra Foundation

Mumbai, India, 16 June 2016 – Mitsubishi UFJ Financial Group (MUFG)’s banking entity The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), has signed a Memorandum of Understanding (MoU) with the Akshaya Patra Foundation to build a full-fledged kitchen that will prepare and provide mid-day meals to school children in Narsingi, Hyderabad in the state of Telangana.

The Akshaya Patra Foundation is a registered non-profit organisation in India that aims to end classroom hunger among government school children and facilitate education. It provides meals to 1.5 million students daily.

Under this MoU, MUFG has pledged INR 105.1 million to fund the construction of a new centralised kitchen to cater to government schools in Ranga Reddy District, near Hyderabad, Telangana. The kitchen is expected to be completed in the next academic year (2017-18), and will be able to provide 35,000 meals daily to children in government-aided schools and Anganwadis (courtyard shelters) across the district. In addition, BTMU will also help to deliver and distribute mid-day meals to the schools.

Mr. Ryoichi Shinke, Regional Executive of BTMU India said, “It is our privilege to partner with the Akshaya Patra Foundation to work towards eradicating hunger among school children, many of whom rely on these mid-day meals to sustain them for the whole day. This is part of our commitment to the community to nurture the next generation. With proper nutrition, we hope the children will be able to enjoy a more conducive learning environment and not having to cope with hunger during school time. “

“This project also reflects our commitment to support the Government’s initiative to achieve a 100% literacy among school children.”

“The Akshaya Patra Foundation is pleased to partner with MUFG in constructing this kitchen in Telangana. This collaboration will add enormous impetus in our endeavour to feed 5 million children by 2020. Such partnerships enable us to continue our work through our initiative to end classroom hunger”, said Sri Satya Gaura Chandra Dasa, President, Akshaya Patra - Telangana.

The Akshaya Patra Foundation was awarded the Nikkei Asia Prize on 29 May 2016. The award recognises individuals and organisations for their outstanding contributions towards the development of Asia. The Foundation won in the Economic and Business Innovation category for supporting education by nourishing children, thus playing a pivotal role in the socio-economic development of the region.

MUFG’s group of companies including BTMU work closely with various community partners globally. In India, the group is very active with its community efforts in New Delhi, Mumbai, Chennai, Bangalore and Neemrana where it operates. MUFG has adopted priority themes for its CSR initiatives and activities, amongst which are contribution to the society through promotion of education.

About Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups, with total assets of approximately ¥295.8 trillion or US$2.5 trillion, as of December 31, 2015.

Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with about 1,200 offices in nearly 50 countries. The Group has over 140,000 employees and about 300 entities, offering services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.

The Group’s operating companies include Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking Corporation (Japan’s leading trust bank), and Mitsubishi UFJ Securities Holdings Co., Ltd., one of Japan’s largest securities firms.

Through close partnerships among our operating companies, the Group aims to “be the world’s most trusted financial group”, flexibly responding to all of the financial needs or our customers, serving society , and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.

For more information, visit www.mufg.jp/english.

About the Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) India

BTMU is Japan’s premier bank, with a global network spanning close to 50 countries. Outside of Japan, the Bank offers an extensive scope of commercial and investment banking products and services to businesses, governments and individuals worldwide.

In the Asia and Oceania region, BTMU has presence in 13 key markets with 33 offices and close to 4,000 employees serving largely corporate and institutional clients. Singapore serves as the regional headquarters for South Asia, South-east Asia (ex-Thailand) and the Oceania region since July 2013, while the regional headquarters for East Asia including China is located in Japan. In addition, Bank of Ayudhya PCL (Krungsri), BTMU’s majority-owned banking subsidiary in Thailand, with more than 650 branches and more than 20,000 staff, has further expanded its footprint in this region.

BTMU has five branch offices in India including Mumbai, New Delhi, Chennai (including Sri Lanka’s representative office), Bangalore and Neemrana. The Regional Executive is also located in Mumbai and acts as the centralised division to oversee various functions.

BTMU established its first branch in Mumbai (formerly known as Bombay) in 1953, more than 60 years ago, serving largely Japanese corporates. Today, as the largest Japanese bank by assets in India, BTMU is helping large Indian, Japanese and other multi-national corporates and financial institutions expand their businesses in India and globally through a suite of corporate banking and trade financing solutions. BTMU in India is strong in offering trade finance especially Export Advances, Treasury products and term loans for both strategic purposes and organic growth of its clients. BTMU has led most of the marquee financing deals in India over the last five years, making it a lead banker in the Indian loan markets.

The Akshaya Patra Foundation is a not-for-profit organization headquartered in Bengaluru, India. The organization strives to fight issues like hunger and malnutrition in India. By implementing the Mid-Day Meal Scheme in Government schools and Government aided schools, The Akshaya Patra Foundation aims not only to fight hunger but also to bring children to school.

The Akshaya Patra Foundation
#72, 3rd Floor, 3rd Main Road, 1st & 2nd Stage
Yeshwantpur Industrial Suburb, Rajajinagar Ward No. 10
Bengaluru – 560022
India
Phone: +91 80 3014 3400

This release was published on openPR.