Charity offspring orphaned for capital
EMRI, the non-profit organisation founded and promoted by B Ramalinga Raju that provides free emergency ambulance services, is now looking at new partners in the private sector, reports Ruchi Hajela.business Updated: Jan 26, 2009 22:09 IST
Emergency Management & Research Institute (EMRI), the non-profit organisation founded and promoted by B Ramalinga Raju that provides free emergency ambulance services across eight states, is now looking at new partners in the private sector to raise capital for expanding its service to more states.
EMRI works on a public-private partnership model where the government funds about 95 per cent of the expenses while Raju and his family funded the rest.
The organisation spends around Rs 235 crore annually to operate 1,550 ambulances across eight states and plans to have 4,000 ambulances in place across the same number of states by December 2009. For this, Raju had committed to provide Rs 30 crore, and another Rs 36 crore for operational and human resource, respectively.
“The state governments have promised us Rs 600 crore but we are falling short of Rs 66 crore that were to be provided by former Satyam chairman,” said Venkat Changavalli, chief executive officer, EMRI. “We are now talking to new partners to raise this amount.”
Chagawalli did not reveal the names of the corporates and individuals the organisation is in talks with for fund raising.
Satyam Computer Services provides the technological backend support to EMRI but the latter is unlikely to be impacted by the Satyam fiasco. The 108-helpline service operates across Assam, Gujarat, Karnataka, Andhra Pradesh, Tamil Nadu, Goa, Maharashtra and Orissa and is expected to launch services soon in Uttarakhand, Punjab and Delhi.