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Alliance Medicorp India Ltd (AMIL), the join venture company between Chennai-based Trivitron Group and Apollo Hospitals, will invest Rs 100 crore in the next financial year to roll out a chain of dental clinics in India and abroad. The joint venture plans to set up 25 dental clinics in the country.
Dr G.S.K. Velu, Director, AMIL told Business Line , “We have already invested close to Rs 30 crore for this venture which now has 19 clinics in Chennai, Bangalore, Delhi, Hyderabad and Kolkata. We will be having 25 clinics by the end of this financial year. In the next financial year, we plan to invest Rs 100 crore for further expansion.”
This comes even as Fortis picked a 30 per cent stake in Australian dental healthcare chain Dental Corporation Holdings Ltd.
New markets
As part of its expansion plans, AMIL is also looking to enter new markets, including Africa.
“We are looking at expanding in Africa, South-East Asia and Middle East through local partnerships. This can be organic and inorganic partnerships. Dental care is increasingly becoming more than just treating an illness; it is about wellness and aesthetics,” Dr Velu said.
Apart from dental clinics, AMIL is already rolling out dialysis clinics across the country. Five dialysis clinics have so far been set up in four cities. This is expected to go up to 100 dialysis clinics in 20 cities.
However, Trivitron plans to set up a medical equipment manufacturing park in Pune, similar to the one it has near Chennai — has been delayed. Dr Velu, also the Managing Director of Trivitron, said that the delay has been caused due to the company not being able to find an Indian partner.
“We are now looking at partnering international players who has the technology. We have not found a good Indian partner so we are changing our strategy.”
Trivitron had said that it was looking at generating revenues of Rs 1,000 crore by 2011. But as a result of this delay, Trivitron's target of achieving Rs 1,000 crore has been pushed back to 2012-13.
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