India Inc India Inc: Wednesday, 28 February 2018 05:38

IUIH to invest in Lucknow medicity plan

The Indo UK Institute of Health (IUIH), one of the largest healthcare infrastructure projects in the world, has signed a memorandum of understanding (MoU) with the Uttar Pradesh government to invest Rs 1,000 crores ($153 million) for an integrated medicity in the state capital.

Ajay Rajan Gupta, Managing Director and Group CEO, IUIH said the medicity will have a 1,000 bed hospital and up to 20 per cent patients will be given free treatment at its facilities. It will also have a medical college, nursing college, PG academy, and training facility for allied health professionals. It shall also have a separate zone for medical equipment and device manufacturing, and pharmaceutical production.

Cutting-edge medical research will be carried out at the IUIH Medicities in areas as diverse as genomics and stem cells, translational research and clinical research leveraging on the patient data available.

The IUIH Medicity Programme was announced as a Joint Statement between the Prime Minister of India, NarendraModi, and the former Prime Minister of the United Kingdom,Mr David Cameron, in 2015. It involves an investment of Rs 19,200 crores ($2.95 billion) into Indian healthcare aimed at benefitting over 400 million Indians by opening 11 institutes across India in partnership with the UK’s National Health Service (NHS).

India Investment Journal’ has in-depth coverage on related topics.

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