Latest news with #TheHungerFreeWorld
Hans India
11 hours ago
- Business
- Hans India
Malabar Group earmarks Rs 150 cr to scale up CSR activity
Hyderabad: Malabar Group, has allocated Rs150 crore in 2025-26 for scaling up its CSR initiatives focused on healthcare, education, hunger &poverty alleviation, women empowerment, environment protection and housing for less privileged. Under its flagship CSR initiative 'The Hunger Free World', the Group has committed to distribute 70,000 meals daily in India and Zambia to the under-privileged, totalling2.50 crore meals in 2025-26. This represents a significant leap from its cumulative achievement of 2.5 crore meals served over the past 3years and signals a deepened commitment to the cause of food security for underserved communities. The initiative is aligned with the United Nations' Sustainable Development Goal 2 - Zero Hunger. At an event held at the Dr Ambedkar International Centre, Janpath, New Delhi on May 28, which also marks the World Hunger Day, Dr Amitabh Kant, former CEO of NITI Aayog & G-20 Sherpa launched the next phase of the Group's CSR programmes. Other dignitaries included MP Ahammed, Chairman of Malabar Group; KP Abdul Salam, Vice Chairman, O Asher, Managing Director of India Operations, Group Executive Directors Nishad A K and K P Veerankutty, Group Director PA Abdulla Ibrahim, THANAL Daya Rehabilitation TrustChairmanDr. Idrees V, Zonal Head North Jishad N Kand other management officiates. Commenting on the initiative, MP Ahammed, Chairman of Malabar Group said, 'We dedicate May 28 as our annual CSR day; we reaffirm our pledge to stand with the underserved through sustained and impactful action. Our CSR initiatives are a reflection of that enduring commitment. While we are doing our utmost, a greater impact can be achieved if more organisations join this mission. With 295 million people globally facing acute hunger (as per UN data), immediate action is non-negotiable.'
The Hindu
6 days ago
- Business
- The Hindu
Malabar Group earmarks ₹150 crore for CSR in FY26
Malabar Group, the parent company of Malabar Gold & Diamonds, said it has allocated ₹150 crore in 2025-26 for scaling up its CSR initiatives focused on healthcare, education, hunger & poverty alleviation, women empowerment, environment protection and housing for less privileged. Under its 'The Hunger Free World' initiative, the group has committed to distribute 70,000 meals daily in India and Zambia to the under-privileged, totalling 2.50 crore meals in 2025-26. 'This represents a significant leap from the cumulative achievement of 2.5 crore meals served over the past three years and signals a deepened commitment to the cause of food security for underserved communities,' the group said. The initiative is aligned with the United Nations' Sustainable Development Goal 2 - Zero Hunger. M.P. Ahammed, Chairman, Malabar Group said, 'CSR is an integral part of our culture and we believe in giving back to society. We dedicate May 28 as our annual CSR day; we reaffirm our pledge to stand with the underserved through sustained and impactful action.' 'Our CSR initiatives are a reflection of that enduring commitment. While we are doing our utmost, a greater impact can be achieved if more organisations join this mission. With 295 million people globally facing acute hunger (as per UN data), immediate action is non-negotiable,' he said. 'This urgency drives our meal distribution efforts under the Hunger Free World initiative. Having said that, along with food distribution, the need of the hour is concerted efforts to boost production, creating jobs, and fostering economic growth to bring in sustainable change,' he added.
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Business Standard
6 days ago
- Health
- Business Standard
Private sector participation important for hunger-free India: Amitabh Kant
India's G20 Sherpa Amitabh Kant on Wednesday highlighted the importance of private sector participation in achieving a 'hunger-free' India. Kant was speaking at the launch of Malabar Group's CSR initiatives, where the company announced 'The Hunger Free World', an initiative aiming to distribute 70,000 daily meals to underprivileged people in fiscal 2025-26. "If there are more groups like Malabar Group, we are able to transform the world. It requires continued collaboration between government, civil society, private sector and individuals," Kant said. 'Around 119 million people in India remain undernourished, with women and children bearing the heaviest burden,' he noted, adding that merely providing food is not enough — the focus must be on nutritious food. "It is also very important that private sector takes over this responsibility at the local level," he said. Hunger looms over India According to the Global Hunger Index (GHI) 2024, India ranks 105th out of 127 countries, highlighting significant hunger. With a GHI score of 27.3, India falls in the 'serious' category, indicating issues related to undernutrition and child health. The report notes that India's 13.7 per cent of the population is undernourished, reflecting insufficient calorific intake. Moreover, 35.5 per cent of children under the age of five are stunted, indicating chronic undernutrition, while 18.7 per cent suffer from wasting, a sign of acute undernutrition. The under-five mortality rate stands at 2.9 per cent, partly due to inadequate nutrition and healthcare. Globally, around 733 million people face hunger each day due to a lack of access to a sufficient amount of food, while about 2.8 billion people cannot afford a healthy diet, the report added. (With agency inputs)
New Indian Express
6 days ago
- Business
- New Indian Express
Private sector must help achieve 'hunger free' India: G20 Sherpa
NEW DELHI: The country's G20 Sherpa Amitabh Kant on Wednesday called for greater private sector participation to ensure "hunger free" India, saying the government alone cannot tackle the challenge. Speaking at the launch of Malabar Group's expanded corporate social responsibility (CSR) initiatives, Kant praised the jewellery company's "The Hunger Free World" project, which aims to distribute 70,000 daily meals to underprivileged people in fiscal 2025-26. "If there are more groups like Malabar Group, we are able to transform the world. It requires continued collaboration between government, civil society, private sector and individuals," said Kant, former CEO of government think tank NITI Aayog. Around 119 million people in India remain undernourished, with women and children bearing the heaviest burden, he said. The government provides free rations to 800 million people through distribution centres, but ensuring nutritious food remains crucial. "It is not just about providing food, it is important to ensure nutritious food," Kant said. "It is also very important that private sector takes over this responsibility at the local level."
Time of India
6 days ago
- Business
- Time of India
Private sector must help achieve 'hunger free' India, says G20 Sherpa
The country's G20 Sherpa Amitabh Kant on Wednesday called for greater private sector participation to ensure "hunger free" India, saying the government alone cannot tackle the challenge. Speaking at the launch of Malabar Group's expanded corporate social responsibility (CSR) initiatives, Kant praised the jewellery company's "The Hunger Free World" project, which aims to distribute 70,000 daily meals to underprivileged people in fiscal 2025-26. "If there are more groups like Malabar Group, we are able to transform the world. It requires continued collaboration between government, civil society, private sector and individuals," said Kant, former CEO of government think tank NITI Aayog. Around 119 million people in India remain undernourished, with women and children bearing the heaviest burden, he said. The government provides free rations to 800 million people through distribution centres, but ensuring nutritious food remains crucial. "It is not just about providing food, it is important to ensure nutritious food," Kant said. "It is also very important that private sector takes over this responsibility at the local level." Live Events Malabar Group Chairman M P Ahammed announced a commitment of Rs 150 crore towards CSR initiatives for fiscal 2025-26. The company contributes 5 per cent of net profit to CSR activities, well above the government-mandated 2 per cent. The Hunger Free World project currently distributes 70,000 meal packets daily across India and Zambia. In India, over 60,000 nutrient-rich meals are provided through 167 centres spanning 20 states. Malabar Group's annual revenue now stands at Rs 64,000-65,000 crore, ahead of rivals Tanishq at Rs 42,000 crore and Kalyan Jewellers at 24,000-25,000 crore. "With 295 million people globally facing acute hunger according to UN data, "immediate action is non-negotiable," Ahammed said.
