Will initially invest Rs 480 cr in heart hospital.

The project will be followed by cancer, kidney, neurosurgery and women & child welfare hospitals of 1,000 beds each, apart from a nursing college and paramedical training centres.

Our Bureau

Bangalore, Jan. 16 Narayana Hrudayalaya, the hospitals conglomerate promoted by Dr Devi Shetty, said it has signed an MoU with the Gujarat Government to set up a 5,000-bed Health City in Ahmedabad.

Narayana Hrudayalaya, which plans a Health City in every State, will initially invest Rs 480 crore in a 1,000-bed heart hospital, to be operational by June 2010. This will be followed by cancer, kidney, neurosurgery and women & child welfare hospitals of 1,000 beds each, apart from a nursing college and paramedical training centres. The facility is expected to receive 15,000 outpatients a day, Narayana Hrudayalaya said in a release here on Thursday.

The facility will be built on a 37-acre area at Monogram Mills in Bapunagar, Ahmedabad. When built, it would be Asia’s longest hospital spread over half a kilometre and measuring 12.5 lakh sq ft, the healthcare major said.

Mr Viren Shetty of the company signed the MoU with the State Government in the presence of the Gujarat Chief Minister, Mr Narendra Modi, and Narayana Hrudayalaya’s Chairman and renowned cardiac surgeon, Dr Devi Shetty.

Making it affordable

Dr Devi Shetty said the Ahmedabad project was meant to make medical services and technologies affordable to the masses. “This project will generate direct employment for 2,000 people and indirect employment for 5,000 people in the State,” he said.

Apart from Bangalore and Kolkata, the group runs 16 hospitals across Dharwad, Hyderabad, Jaipur, Jamshedpur and Assam.

(This article was published in the Business Line print edition dated January 17, 2009)
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