The corporate Sustainability and Responsibility (CSR) arm of Biocon Group of companies has signed a MoU with the Bangalore Metro Rail Corporation Limited (BMRCL) to contribute Rs 65 Crore towards funding the construction of the proposed Hebbagodi Metro Station on Hosur Road. The Namma Metro project in Bengaluru received a financial assistance from the city's Biocon Foundation, headed by Dr Kiran Mazumdar Shaw. The MoU was signed between Kiran Mazumdar-Shaw, Founder and Managing Trustee, Biocon Foundation and Mr Ajay Seth, Managing Director, BMRCL.
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The Foundation will spend INR 65 crore as a part of Phase 2 of the metro project. The station is located on the R V Road to Bommasandra line. The BMRCL will suggest the centre to name the station ‘Biocon Hebbagodi Metro Station’. The project would also improve the footpath near the station and build a foot over bridge. Kiran Mazumdar Shaw, founder and managing trustee, Biocon Foundation, said, "We are pleased to partner with BMRCL for the construction of the metro station at Hebbagodi on Hosur Road. Through our contribution of INR 65 crore, we are fulfilling our responsibility towards environmental sustainability by providing an alternate means of mobility for the citizens of Bengaluru. This project will help in easing traffic congestion by enabling greater use of public transportation." Ajay Seth, managing director of BMRCL, said "We are extremely happy to have Biocon Foundation for coming forth with their support for sustainable urban development and urban transport. BMRCL is committed to and is working actively to add 128 km of new metro network in the coming five years."
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Bengelauru traffic is notorious among the travelers and Namma Metro Bengaluru hopes easier commutation once the metro services cover the whole city. The mega project is lagging behind the schedule. The lockdown and pandemic caused severe loss to the BMRCL.
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