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Paytm pitches in with Oxygen plants

May 04, 2021

Paytm pitches in with Oxygen plants

Fintech organization Paytm is setting up oxygen plants in 12-13 cities, as emergency clinics the nation over face oxygen shortage in the midst of the more harmful second Covid-19 wave.

Paytm is making gifts to import these machines, which cost between ₹50 lakh and ₹1 crore for every plant, through its foundation and will give them liberated from cost to government hospitals, Paytm originator and CEO Vijay Shekhar Sharma told ET.

The organization is anticipating delivery in the following 4-6 weeks. Oxygen plants are industrial size machines that produce medical oxygen from encompassing air and fit for providing the gas to many beds.

Paytm’s foundation is importing the plants in conjunction with different organization including Elevation Capital and the American Indian Foundation. Paytm is in talks with different state governments and hospitals for approvals to set up the oxygen plants, Sharma said.

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