Corporate Updates

Corporate giants in talks with AP govt to run EMRI

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Corporate giants GVK and Piramal are in talks with the Andhra Pradesh government to be its partners to run the Emergency Management Research Institute (EMRI), a brain child of Satyam Computers founder B Ramalinga Raju. 'GVK and Piramal Groups have come forward to help us. A decision would soon be taken over the matter,' Finance Minister K Rosaiah told reporters today after a review meeting held by Chief Minister Y S Rajasekhara Reddy with ministers and top officials.

The state government contributes 95 per cent of funds to run the EMRI and Satyam used to provide the remaining five per cent funds. Satyam is also the technology provider of EMRI. The EMRI was looking for donors, either individuals or entities, who can provide the funds in the wake of Satyam fraud. The GVK Group has been in talks with the state government and EMRI over the matter. The EMRI runs the popular '108' emergency ambulance service in about 10 states in the country.


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