Pharma, healthcare attract MoUs worth Rs26,000 crore at Vibrant Gujarat


National and international healthcare and pharmaceutical companies have signed 131 MoUs worth Rs26,000 crore.

The state government’s health and family welfare department signed several MoUs with four international and 127 national companies in the field of healthcare and pharmaceuticals during the fifth Vibrant Gujarat Global Summit. Of this, Rs15,600 crore will be invested in the healthcare sector and Rs10,686 crore in pharmaceuticals.

These MoUs include three for Medicity projects proposed by North-West Creative Team Pvt. Ltd, Shrinet and Shandiliya Construction Pvt Ltd, and Swas Healthcare Pvt. Ltd; and 21 for multi-specialty hospital projects proposed by prominent hospital and healthcare groups like Shalby Hospitals Pvt Ltd; Sanjivani Hospitals; Purohit Construction; Image Healthcare; and GVK, to name a few.

Five companies, including Netra Medlink, Dr Mehta’s Hospital Pvt Ltd, and ML Charitable Trust, have proposed medical colleges with hospitals. Apart from these, 4 medical tourism projects, 1 nursing college, 1 kidney hospital, 2 health education and training institutes in paramedical sciences, 1 geriatric hospital, and other projects in public-private partnership have also been proposed.

These projects will add to the state’s healthcare infrastructure with an array of tertiary and super-specialty hospitals. They will not only provide improved medical facilities to the people of Gujarat but also help transform the state into a fully equipped destination for medical tourism.

The MoUs promise an investment of about Rs15,600 crore in the health sector with 23 companies proposing an investment of more than Rs100 crore each for their respective projects. Three companies have proposed a total investment worth Rs9,900 crore. The state’s health and family welfare department has accepted the proposals of 3 international and 38 national companies/trusts.

In the pharmaceuticals sector, 90 companies expressed interest in investing about Rs10,686 crore during the Vibrant Gujarat summit-2011. Around 21 companies with investment proposals worth Rs922.39 crore will be coming to set up new establishments. US-based companies like Acquiescent Pharmaceuticals Pvt Ltd; Amneal Lifesciences Pvt Ltd; and Kalintis Pharma Pvt Ltd intend to invest Rs574 crore.

Around 9 companies from other states of India are interested in investing Rs5,652 crore. Out of these, Nectar Lifesciences Ltd proposes to invest Rs5,000 crore. Prominent among other companies who have proposed significant investment are Ranbaxy Laboratories, Torrent Pharmaceuticals Ltd, Dishman Pharmaceuticals Ltd, and Cadila Healthcare Ltd.

Incidentally, the department of health and family welfare had also signed on January 10, 2011, knowledge-sharing MoUs with 62 international and national institutions of global repute.
[Story Source] [Contest win Rs 1000-100,000 now]

This post was submitted by Mudit Agrawal.

Related Posts
Google in Talks to Buy Mobile

Google in Talks to Buy Mobile

Google Inc is in talks to buy mobile-payments company Softcard, technology news website TechCrunch reported on Friday, citing people familiar with the matter.The deal could help pair Google with...
7-Year-Old Girl In US Walks A Mile To Find Shelter After Surviving Plane Crash That Left Her Parents Dead

7-Year-Old Girl In US Walks A Mile To Find Shelter After Surviving Plane Crash That Left Her Parents Dead

After narrowly escaping death in a plane crash in rural Kentucky, a 7-year-old girl trekked almost a mile without shoes in near-freezing temperatures to find help, a witness has reported.When Larry Wi...
US, Pakistan threaten each other with military action

US, Pakistan threaten each other with military action

WASHINGTON: Barely disguising mutual antagonism, the United States and Pakistan on Thursday threatened each other with military action in the aftermath of the American raid...
Bollywood cheers Osama’s death

Bollywood cheers Osama’s death

The world's most wanted terrorist Osama bin Laden is dead. As US President Barack Obama confirmed the news, Bollywood stars tweeted furiously about it.Minissha Lamba tweeted: 'Osama is Dead. 2nd te...
It is inconceivable Osama had no support system in Pak: US

It is inconceivable Osama had no support system in Pak: US

WASHINGTON: The US wondered how Osama bin Laden managed to remain undetected in Pakistan for so long, saying it is "inconceivable" that he had no support system there and noted the Obama Administrat...
Rupee may see pullback to 46 36 by April-May StanChart

Rupee may see pullback to 46 36 by April-May StanChart

We have seen a fairly strong performance by the Indian rupee. At the moment, rupee has been in the range of 44.68. It is a four month high for the rupee itself. This is happening in the context of hig...

Leave a Reply

We will keep You Updated...
Get Free Email Newsletter from VoteUpIndia Sign up for our free email newsletter. (Help?)
Read latest headlines in your favorite news reader
Follow VoteUpIndia  on Twitter Become a VoteUpIndia Fan on Facebook Subscribe to VoteUpIndia in Google Reader Add VoteUpIndia  to My Yahoo Add VoteUpIndia  to Netvibes Subscribe to Free Techie Buzz RSS Feed
Sponsored Links
Featured Video
Best Storytellers
Powered by Authors Widget
Recent Posts

McDonald's Suspends Employee, Probes Child's Eviction From Pune Outlet

PUNE: After reports emerged that an eight-year-old destitute child was thrown out of an outlet of...

Why Arjun Made a Humble Request to Cast Sonakshi in Tevar

It's all about wearing your Tevar, this new year. Arjun Kapoor looked dapper at the initial promotions...

5 things Modi needs to do ASAP, after Bihar loss

It's not correct to transpose the outcome from a state election as a referendum on the central government,...

Sehwag's half century in All Star tournament.

The first match has been really special. We thoroughly enjoyed being here. New York, you were brilliant....

Bihar Defeat May Lead to Silent Rebellion in BJP Against PM, Amit Shah: Arun Shourie to NDTV

NEW DELHI: In the aftermath of the BJP's debacle in Bihar, Arun Shourie, one time admirer of Narendra...

Court Refuses to Stop Gillette Razor Ad Starring Deepika Padukone

New Delhi: The Delhi High Court has refused to stop a Gillette razor advertisement starring Deepika...

Bigg Boss 9: Roopal Tyagi voted out of the house

TV actor Roopal Tyagi was evicted from reality show Bigg Boss on Sunday’s episode. Roopal is the...
Recent Comments
How i can submit my story...? and where i can see the staus of votes for this?
IFFI lose its art value,so it became lose it commercial value
Dear sir I am sending an article which is based on true story and needs your help to lime light such incidents which never come in
Thanks for the interesting article. Great Post. Keep it up
It is indeed heartening to learn that LSE, the world leader in higher education, will join hands with the most admired Reliance Foun
Tag Cloud