Hindujas to invest USD 1 billion in Healthcare business

India based Hinduja Group has said that they are collaborating with UAE-government owned Dubai World to invest USD 1 billion in the Indian healthcare sector.

These two companies are also setting up a joint venture company for this project in which Hinduja Group will have 51% stake.

Hinduja Group India Chairman Ashok Hinduja spoke on this deal: “The JV Company will set up a hospital chain and 40-50 clinics across India over the next 2-3 years. The initial investment will be through equity and later we may also get funds for the venture from private equity firms and debt.”

They also plan to setup medicities which would specialize in providing complete treatment facilities for ‘any kind of disease’. Dubai World chairman Sultan Ahmed Bin Sulayem added: “This joint venture would become one of the biggest projects of Dubai World in India.”

He added: “The day care chain centers will cater to treatment which can be completed in few hours where patients need not stay in the hospital. Unlike hospitals, we can also set up these centers in various parts of the city and cater to all areas of the city. We can also send our general practitioners doctors to patient’s place, instead of them coming to our hospitals.”

Popularity: 31%