to HONOR JEFFREY IMMELT, CHAIRMAN OF GE and MUKESH AMBANI, CHAIRMAN
OF RELIANCE INDUSTRIES AT FIFTH ANNUAL SPRING GALA
youth livelihood initiative to be announced----
New York, NY USA
American India Foundation will host its Fifth Annual Spring Gala
in New York City on April 30.
will honor two leaders for their corporate and philanthropic commitment
to India – Mr. Jeffrey Immelt, Chairman of GE and Mr. Mukesh
Ambani, Chairman of Reliance Industries, India’s largest
privately held company.
and Mukesh lead two companies that have played an integral role
in India’s economic success story. They have made immense
contributions to India’s development, primarily through
their corporate activities,” said Mr. Paul Kazarian, Founder
and Managing Director of Japonica Partners, who is chairing the
gala is the biggest India-focused philanthropic fundraiser in
the United States. Funds raised at the gala will go towards AIF’s
main activity of funding innovative Indian non-profit organizations
(NGOs) in the areas of education, livelihood and public health
in India. Since 2001, AIF has invested in more than 100 Indian
India’s economic success in recent years, there are millions
of people who are left out of this progress. AIF has been a leader
in applying philanthropic resources to enable these excluded people
to also benefit from economic growth,” said Mr. Pradeep
Kashyap, Vice Chair of AIF. “It is a privilege for us to
count on the support of two of the world’s foremost corporate
leaders in our work.”
will announce a major expansion of its vocational training initiative
targeting unemployed youth in urban India. Currently, 80 percent
of youth entering the job market in India lack a marketable skill.
To address this problem, AIF’s NGO partners have already
trained and placed approximately 30,000 young people in jobs in
high-growth industries across the country.
to Ms. Chandrika Tandon, Chair of AIF’s Livelihood Initiative,
“One hears about skilled labor shortages across various
industries in India; if we can prepare youth from disadvantaged
backgrounds to meet these market needs they can participate in
the Indian success story as well.”
details about the initiative will be announced at the Gala.
AIF's mission is to accelerate social and economic change in India.
By mobilizing people and resources in the United States, AIF has
invested in over 100 Indian non-governmental organizations since
its inception in 2001. AIF awards grants to education, livelihood
and public health projects in India - with emphases on elementary
education, women's empowerment and HIV/AIDS respectively. AIF
also administers two programs: (1) Digital Equalizer, which bridges
the "digital divide" by providing computers, Internet
access and training in under-resourced schools, and (2) Service
Corps, which builds the capacity of Indian NGOs by placing qualified
young American professionals for ten-month volunteer assignments.
President Bill Clinton serves as Honorary Chair of AIF.