PEPFAR and India/ ICICI Bank to manage US-India fund.

[Guest guest]

Note that US Consultate general had mentioned that India was among

the five high-priority countries in the PEPFAR plan.

ICICI Bank to manage US-India fund.

Hyderabad: The US will help India in setting up a Corporate Fund,

making the corporate world part of the fight against HIV/AIDS. The Fund will be

managed by ICICI Bank, according to T Hopper, Consul General of Consulate

General of the US in Chennai.Addressing a CII conference on `Accelerating the

business response to HIV/AIDS' here on Friday, he said ICICI Bank would offer

different options for corporates to make contributions to the proposed fund.

The US would work with NACO (National Aids Control Society) in setting up the

fund.

The companies could chip in at national, regional, and local levels,

reducing the management burden on individual companies.HIV/AIDs could cause

major damage to economies with far-reaching implications. Stating that India was

growing at an estimated 7 per cent, he said this progress could be threatened by

the

increasing incidence of HIV/AIDS.

Referring to the US President, Bush's $15-billion plan for AIDS relief,

he said India was among the five high-priority countries in the plan.

sify.com, November 12 , 2005.

http://sify.com/finance/fullstory.php?id=13982928