Hindujas to make $1 bn foray into India's healthcare industry

Sunday, 28 January 2007, 06:00 Hrs
Printer Print Email Email
Davos: The Hinduja Group is making a $1 billion foray into India's commercial healthcare industry with specialty hospitals in several cities and a modern research center, a senior member of the Europe-based family said.

"We already have a charitable hospital in Mumbai. This will be a commercial venture with hospitals in cities like Ahmedabad, Bangalore, Chennai, Hyderabad and Pune," Prakash P. Hinduja said.

"We will be investing $1 billion in this project. The finer details of the new venture are being worked out," Hinduja said so on the margins of the annual meeting of the World Economic Forum (WEF) here.

According to officials of the Europe-based group of the famous businessmen brothers, the Hindujas' foray into India's booming commercial healthcare will be at three levels. At the top will be a research and knowledge center that will have highly specialized people involved in clinical research and diagnostics.

The second level involves hospitals at various cities followed by daycare centers at smaller towns that will provide only outpatient service there but make referrals to the hospital network as and when required.

"The P.D. Hinduja National Hospital and Medical Research Center in Mumbai is internationally acclaimed with best services. We want to replicate that in the commercial healthcare space," Hinduja said.

The multi-specialty hospital, with over 350 beds, also has a medical research center in collaboration with the Massachusetts General Hospital in Boston and the same model will be considered for the new venture, officials said.

In tertiary healthcare, the hospital chain will offer services that will cover investigation and diagnosis to therapy, surgery and post-operative care, the officials added.
Source: IANS
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..