Financial Daily from THE HINDU group of publications
Tuesday, Mar 09, 2004
Industry & Economy
Charity plans Rs 100-cr hospital in Hyderabad
Hyderabad , March 8
GOSPEL to the Unreached Millions (GUM), a charitable society, is planning to set up a world-class hospital in Hyderabad.
It has completed the first phase of Rs 400-crore Charity City project on some 1,000 acres at nearby Sadasivapet.
GUM recently requested the State Government for allocation of at least five acres for the proposed super-speciality hospital in Hyderabad, said Dr K. David Raju, National Director.
He also announced rollout of the society's Global Peace Wagon, carrying Rs 15.56 crore worth medicine to be distributed across Andhra Pradesh.
The wagon would carry drugs for various ailments including diabetes and hypertension.
The society has estimated that the proposed hospital would cost around Rs 100 crore, which would be funded by Global Peace Initiative (GPI), Dr Raju said.
He added that the administering of the drugs would be monitored by professionals.
"Towards this, we have identified 6-10 institutions at the district level. These include hospitals, NGOs, medical professionals and Government hospitals. Each professional or institution taking the responsibility of free distribution would be given medicine worth Rs 10 lakh."
After completion of the free distribution programme, the institutions involved would have to submit a report to the GUM with proper documentation and photographs, he added.
On the Sadasivapet project, Dr Raju said that the total cost is estimated at Rs 400 crore. The project would be implemented over a period of 10 years. During the last three years, GUM has spent over Rs 40 crore on it.
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