The Hinduja Group is likely to induct a partner in its hospital project in Chennai. Currently, the group is looking for a partner and Massachusetts General Hospital (MGH), USA may likely be appointed.
Currently, Hinduja is scouting for land for the proposed venture. According to sources, there is a possibility of the group forming a partnership with a domestic firm, which has land bank at its disposal.
Initially, the group has plans to set up a hospital with a capacity of 250-300 beds to fit into its overall plan of having 5,000 beds across India.
The group has formed a 51:49 JV with Limitless, a Dubai government-owned entity, wherein the group holds 51 per cent stake. The JV is likely to provide a host of services, including medicare services and infrastructure in India and in places like Dubai.
Source : ProjectsToday
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