Apollo Hospitals group is planning to invest close to Rs. 650 crore in West Bengal over a five-year period. Investments will come in the form of a medical college, a gastro-science and liver institute and its second hospital in Kolkata.
According to Rupali Basu, President and CEO, Eastern Region, Apollo Hospitals, the ‘Institute of Gastro Sciences and Liver’ with 120 beds will be the first to come up. It is expected to be set up at an estimated cost of Rs. 50 crore in the next six months. The cost will be funded partly by internal accruals and through bank loans. “Our existing hospital here (on the north-eastern part of the city) has a 10-acre campus where the institute of gastro sciences and liver will be housed,” she told on the sidelines of a healthcare summit organised by the Confederation of Indian Industry (CII). The Apollo group will invest Rs. 400 crore in a medical college and hospital on a 14-acre plot at Batanagar on the southern outskirts of the city.