| J&K receives Rs 3,325 cr investment proposals in health-care sector despite COVID situation | | | EARLY TIMES REPORT
JAMMU, Dec 20: Jammu and Kashmir has received investment proposals of Rs 3,325 crore in health-care and medical education sectors, even as much-hyped global investors summit to attract investment into health care setup came to grinding halt due to COVID-19 this year. Despite the COVID situation, the health and medical education department took a lead in Jammu and Kashmir to attract global investment into health care setup, including health education post abrogation of Article 370 and reorganization of state into two union territories. “We have received investment proposals worth Rs 3,225-3,325 crore into the health care setup and medical education sector in Jammu and Kashmir, despite Covid situation”, said Financial Commissioner Health and Medical Education, J&K, Atal Dulloo.
He said that as the much-hyped global investors summit came to a sudden halt due to COVID-19 pandemic, the Jammu and Kashmir health and medical education department has been making fresh progress to attract global investment into health care setup, including health and wellness tourism, in the union territory. “To screen the proposals received from various investors for investment in the health & medical education sector in the union territory of Jammu and Kashmir in light of health care investment policy, the operational guidelines have been framed”, he said. Of these investment proposals, the Virinchi healthcare Private Limited has submitted a project proposal for setting up of 500 bedded multi speciality hospital in J&K with an investment of Rs 200 crore. The HP Kapital Limited has submitted a Rs 2,200 crore proposal with the department for setting up of a hi-tech medical university with 350-bedded hospital and 700-bedded student accommodation, one each at Kashmir and Jammu with an employment generation for 6,000 people. Similarly, Apollo Hospitals Enterprise Limited has submitted a proposal for setting up 200-250 bedded super speciality hospital in Jammu with an investment of Rs 200-250 crore and employment opportunities to more than 1,200 persons. Areesha’’s Royal Hospital Private Limited has submitted a Rs 425-crore proposal for setting up of a multi-specialized 500-bedded teaching and referral hospital with a medical, nursing and paramedical college with employment opportunities to more than 1,000 youth. “All the four proposals submitted by the probable investors along with their respective projects proposals are in active consideration of the government”, Dulloo said. He said that the divisional commissioner of Jammu as well as divisional commissioner of Kashmir has identified the government land at various places in Jammu and Kashmir respectively which are being visited by the probable Investors.
“Single-window clearance mechanism would be adopted for processing the project proposals with final approval to be accorded by Apex Level Project Clearance Committee (ALPCC)”, he said.
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