Dutch bank to lend $14 mn to Indian healthcare major

November 10th, 2008 - 7:40 pm ICT by IANS  

New Delhi, Nov 10 (IANS) Indian healthcare major Advanced Medicare and Research Institute (AMRI) will get $14 million loan from Dutch financial giant Deutsche Investitions-und Entwicklungsgesellschaft mbH (DEG) for capacity expansion, the company announced Monday. “AMRI is planning to increase its capacity by 2,000 beds within the next five years,” a company statement said.

For this purpose, existing hospitals would be expanded and new ones built. AMRI plans to build a mother-child hospital in Kolkata and another hospital in Orissa’s Bhubaneswar.

The total investment volume is $52 million (Rs.2.4 billion), the statement added.

DEG, one of Europe’s largest development finance institutions, has been active in India since 1964.

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