Kerala’s health sector gets Rs.2,150 crore investment
September 11th, 2012 - 5:57 pm ICT by IANS
Kochi, Sep 11 (IANS) DM Healthcare, a leading conglomerate in the country and the Middle East, Tuesday announced an investment of over Rs.2,150 crore to create 3,100 hospital beds in Kerala through eight different projects.
The projects are in various stages of completion in Ernakulam, Kozhikode, Palakkad and Kannur districts, the company said. Most of these projects are expected to be operational in the next five years.
DM Healthcare is recognized among the 400 emerging champion companies of the world by the World Economic Forum.
The group operates in the Middle East and India. It was founded in 1987 by Azad Moopen, a doctor-turned entrepreneur whose network presently consists of more than 145 establishments, providing primary, secondary and tertiary healthcare with management and consultancy services.
The Dubai-headquartered group has diversified to offer comprehensive healthcare services to all segments of the society.
Moopen told reporters here Tuesday that Kerala is a high priority destination for its investments in view of the demand for advanced healthcare facilities.
“We see this as an opportunity that will not only support the medical requirements of the state and country, but also provide venue for medical tourism to the country from abroad,” said Moopen.
Moopen is a speaker at the sectoral session on healthcare at the Emerging Kerala 2012 meet at Kochi Sep 12-14, which would be inaugurated by Prime Minister Manmohan Singh.
Among the prime projects that DM Healthcare group is developing includes the Aster Medcity, a world class hi-tech healthcare destination being developed in over 40 acres of land that integrates nature with healing, here.
The first phase, which is being developed with a project outlay of Rs.500 crore, includes a 540 bed core hospital and the first phase of Aster Medcity is on track for commissioning during the second half of 2013.
Commenting on investments of DM Healthcare in the state in the backdrop of Emerging Kerala 2012, Moopen said that the group is very conscious about the sensitivities involved regarding land grabs, environment and job opportunities.
- Dubai's Moopen Group to invest $200 mn in Indian healthcareNational/Diaspora/Health - Jan 09, 2010
- Kerala expecting huge overseas investment: Chandy - Apr 20, 2012
- Emerging Kerala investment meet to see 51 nations taking part - Aug 31, 2012
- Chandy to lead 'Emerging Kerala' road show in Mumbai (Lead) - May 13, 2012
- Kerala's agenda tailor-made to attract investments: Chandy (With Images) - May 15, 2012
- Chandy invites India Inc to invest in Kerala - May 14, 2012
- Kerala has a lot to offer, Chandy tells business leaders (Lead, With images) - May 15, 2012
- Kerala promises single window clearance to lure investors - Apr 21, 2012
- Kerala on a major makeover to woo investors - Sep 20, 2011
- Involve people in public-private-partnership model: Selja - Sep 13, 2012
- Special UDF meet to clear doubts about investor meet - Sep 04, 2012
- Kerala looking for private investment in mega projects - Aug 13, 2012
- Kerala to float NRK bonds for development projects - Jun 20, 2012
- Kerala woos prospective investors from Karnataka - Jul 20, 2012
- Australia wants to partner Kerala in agro-based services - Jun 18, 2012
Tags: aster, azad, consultancy services, health sector, healthcare destination, healthcare facilities, healthcare group, healthcare services, high priority, hospital beds, kannur, manmohan, manmohan singh, medical requirements, medical tourism, next five years, palakkad, prime minister manmohan, prime minister manmohan singh, world economic forum