Paytm, others extend support to tackle oxygen shortage in-country

New Delhi: Fintech major Paytm on Monday said Paytm Foundation will import over 3,000 Oxygen Concentrators (OCs) to tackle the current oxygen shortage in the country amid the deadly second wave of the pandemic.

The company has also launched a nationwide ‘Oxygen for India’ initiative to create more awareness about the issue.

While Paytm Foundation has already placed an order for importing 1,000 Oxygen Concentrators worth ₹4 crore, it is also looking at raising an additional over ₹10 crore through donations from people.

The foundation is working on tie-ups with sourcing partners to import over 30,000 OCs to India in due course that will be given to hospitals, clinics, and Resident Welfare Associations (RWAs).