Indo-UK Institute of Health to invest Rs. 1,000 Cr in Telangana
Hyderabad: The Indo-UK Institute of Health (IUIH) has made an initiative to invest Rs.1,000 crore for healthcare infrastructure development in Telangana. The plan is to set-up a 1,000-bed hospital with medical college, which would be an incubation hub for affordable healthcare and a center for research.
The representatives of Telangana Government and IUIH have signed a memorandum of understanding (MoU) in the presence of Industries Minister Jupally Krishna Rao and Health Minister Dr. C. Laxma Reddy and Deputy Director (Trade and Industry) in British High Commission in India on Friday.
The IUIH deputation included its chief executive officer Dr. Ajay Rajan Gupta, Chairman Prof. Mike Parker, board members Vinay Singhal and Aman Vachcher along with Mike Nithavrianakis from the Department of Health, United Kingdom.
The UK and Indian governments had set up an implementation task-force to ensure closer collaboration and speedy operations of healthcare projects. These aim to bring the UK’s finest universities to India.
George Freeman, British Minister for Life Sciences made the announcement of its establishment during Prime Minister Modi’s visit to the UK from November 12 to 13, 2015.