by Suman Gupta
Chennai, India, February 2017 – Mitsubishi UFJ Financial Group (MUFG)’s banking entity The Bank of Tokyo-Mitsubishi UFJ, Ltd. (MUFG : Bank), in partnership with the Government of Tamil Nadu, announced the construction of an overhead tank for integrated water supply system at the Chennai Museum today. This announcement also marked the Bank’s 20th anniversary in the city of Chennai.
The water supply project is a part of the state government’s initiative to renovate the historical Chennai Museum and also setup new facilities at an overall investment outlay of INR 10 crore. As part this project, MUFG extends a support of INR 5 million (INR 50 lakhs) for the construction of this overhead tank.
Currently, the water tanks in Chennai Museum are individually located, so the new overhead tank will enable an integrated water supply source to all the buildings within the complex. With the tank’s storage capacity of 100,000 liters of water, the pipeline will be connected to all the six buildings, facilitating the water supply for the buildings’ use internally as well as for gardening and the fire hydrant system. The project will see one sump for bore well and one sump for metro water in a raised platform utilizing one Reverse Osmosis (RO) plant for drinking water and recycled water will be used for building and gardening. The museum can possibly avoid fire accidents and possibly save a lot of artifacts from damage with the help of this integrated water supply system.
An event was organized at the Chennai Museum this morning where senior officials of the bank handed over the cheque to Mr K Sekar, Assistant Director, Chennai Museum in the presence of the Honourable Consul General of Japan in Chennai, Mr. Seiji Baba.
Speaking on the occasion, Mr. Baba expressed his gratitude to the bank for its initiative to strengthen Japan’s commitment towards development of infrastructure in India.
“MUFG has a long association with Chennai and we are proud to complete 20 years of our association with the city. We feel honored to contribute towards the development of the city’s oldest and one of the most iconic museums in India. MUFG works closely with various partners to uplift and strengthen the communities where it operates through its CSR initiatives. We are happy to contribute towards this cause,” said Mr. Ryoichi Shinke, Regional Executive of MUFG in India.
MUFG is very active with its community development efforts across several parts of India. The group has adopted select themes for its CSR initiatives and activities, amongst which contribution to the society through promotion of education, water & sanitation are priority.
From Left to Right: Mr. Shinichi Kimijima, GM, Chennai Branch, MUFG, Mr. Ryoichi Shinke, Regional Executive for MUFG in India, and Mr. K Sekar, Assistant Director, Chennai Museum and Mr. Seiji Baba, Hon. Consul General of Japan in Chennai at the 20th Anniversary of MUFG in Chennai marked by a CSR activity
Past Initiatives : Last year, MUFG signed a MoU with the Akshaya Patra Foundation and pledged INR 105.1 million to fund the construction of a new centralised kitchen to cater to government schools in Ranga Reddy District, near Hyderabad, Telangana.
It has also collaborated with Federation of Indian Chambers of Commerce and Industry-Socio-Economic Development Foundation of India (FICCI-SEDF) to build and maintain 200 toilets, especially in girls’ schools of Chitoor in Andhra Pradesh and adjoining areas. The bank also conducted awareness programs and worked closely with the local and national Government for large scale and long-term sustainable impact. This enabled the bank to achieve its commitment towards ensuring sanitation and hygiene through the Swachh Bharat, Swachh Vidyalaya Campaign.
About Mitsubishi UFJ Financial Group, Inc: Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups, with total assets of approximately US$2.6 trillion as of 31 March 2016.
Headquartered in Tokyo and with approximately 350 years of history, MUFG has a global network with about 1,200 offices in nearly 50 countries. The group has over 140,000 employees and about 300 entities, offering services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.
The group’s operating companies include The Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking Corporation (Japan’s leading trust bank), and Mitsubishi UFJ Securities Holdings Co., Ltd., one of Japan’s largest securities firms.
Through close partnerships among our operating companies, MUFG aims to “be the world’s most trusted financial group”, flexibly responding to all of the financial needs of our customers, serving society , and fostering shared and sustainable growth for a better world. MUFG’s shares are traded on the Tokyo, Nagoya, and New York (NYSE: MTU) stock exchanges.
For more information, visit ༯span>www.mufg.jp/english.
About the Bank of Tokyo-Mitsubishi UFJ, Ltd. India:The Bank of Tokyo-Mitsubishi UFJ, Ltd (MUFG: Bank) is Japan’s premier bank, with a global network spanning close to 50 countries. Outside of Japan, the Bank offers an extensive scope of commercial and investment banking products and services to businesses, governments and individuals worldwide.
In the Asia and Oceania region, the bank has presence in 13 key markets with 33 offices and close to 4,000 employees serving largely corporate and institutional clients. Singapore serves as the regional headquarters for South Asia, South-east Asia (ex-Thailand) and the Oceania region since July 2013, while the regional headquarters for East Asia including China is located in Japan. In addition, Bank of Ayudhya PCL (Krungsri) is the bank's majority-owned banking subsidiary in Thailand, with more than 650 branches and more than 20,000 staff, has further expanded its footprint in this region.
MUFG has five branch offices in India including Mumbai, New Delhi, Chennai (including Sri Lanka’s representative office), Bangalore and Neemrana. The Regional Executive Office is located in Mumbai and acts as the centralised office to oversee various functions in India. MUFG established its first branch in Mumbai (formerly known as Bombay) in 1953, more than 60 years ago, serving largely Japanese corporates. Today, as the largest Japanese bank by assets in India, the bank is helping large Indian, Japanese and other multi-national corporates and financial institutions expand their businesses in India and globally through a suite of corporate banking and trade financing solutions. MUFG in India is strong in offering trade finance especially Export Advances, Treasury products and term loans for both strategic purposes and organic growth of its clients. It has led most of the marquee financing deals in India over the last five years, making it a lead banker in the Indian loan markets.