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NRIs raise $1 mn in one night

The fund was raised for promoting elementary education and eradication of AIDS in their home land.

india Updated: Oct 10, 2005 16:21 IST
Press Trust of India
Press Trust of India

Indians in the Silicon Valley have raised a whopping$1 million at a lavish annual bashfor promoting elementary education, women's empowerment and eradication of AIDS in their home country.

Titled 'Bow Ties and Bangles', the second annual fall benefit gala hosted by international development organisation American Indian Foundation (AIF), saw business magnets and leading Bollywood stars joining hands to raise some money for the cause.

Several Fortune 500 CEOs, corporate giants, celebrities from the entertainment industry, including Bollywood actress and AIDS activist Shilpa Shetty, were among the 800 guests who attended the evening on Saturday.

"We are thrilled by the response we have received," AIF President Lata Krishnan said as she announced that the event had met its target of generating $1 million.

The evening honoured Biocon Limited Chairman and Managing Director Kiran Mazumdar-Shaw and AMD Chairman and CEO Hector Ruiz with 'AIF-India Corporate Leadership Awards' for their leadership skills and deep commitment to corporate social responsibility.

AIF is a leading international development organisation working for universalising elementary education, advancing women's empowerment and eradicating AIDS in India.

Former US President Bill Clinton serves as Honorary Chair of AIF, which has raised more than $26 million since its inception.

First Published: Oct 10, 2005 08:49 IST