Mumbai:
Monsanto Company has committed up to $1.2 million for
emergency aid and longer-term rebuilding of the areas
in Asia affected by the recent earthquake and tsunami.
"Tragically,
the tsunami's impact is enormous and the effort to rebuild
will take a considerable length of time, and personal
recovery even longer, but we are committed to the relief
effort for the long term," said Hugh Grant, chief
executive officer for Monsanto.
The
majority of the money committed by Monsanto will be directed
to support longer-term rebuilding efforts. Each Monsanto
country office is seeking projects in which employees
can participate directly. Helping to restore and make
agricultural lands productive again may be one example.
Monsanto is encouraging all employees to offer financial
support to the international relief and rebuilding efforts.
Employee contributions to the International Committee
of the Red Cross, UNICEF or the Friends of the World Food
Program will be matched dollar-for-dollar by the company.
In
addition, Monsanto is donating US$100,000 to the Friends
of the World Food Program. The World Food Program (WFP)
is the United Nations' frontline agency in the fight against
global hunger. In responding to this disaster, WFP food
has so far reached more than 100,000 people in Aceh and
North Sumatra, Indonesia.
The remaining committed funds will flow directly through
affected countries in the region. Approximately one-third
of the money will go immediately to local relief funds
in Indonesia, Thailand, India and Sri Lanka.
Monsanto
Company is a leading global provider of technology-based
solutions and agricultural products that improve farm
productivity and food quality. For more information on
Monsanto, see: www.monsanto.com.
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