‘UP to get Rs 6,363 cr boost in health sector at Investors Meet’

Investors Meet 2018

The Uttar Pradesh government will sign 27 Memorandum of Understanding (MoU) with healthcare companies during the Investors Meet 2018, inviting an investment of Rs 6,362 crore, the Government said in a statement.

Ahead of the inauguration of the two-day Investors Meet on Feb 21-22 in Lucknow, the State Health Minister Sidharthnath Singh revealed it on Monday. This investment will not only bring a turnaround in the healthcare and pharmaceutical sector but will also help in generating jobs in different parts of the state.

The investors have proposed to pump in Rs 5,378 crore in healthcare sector while Rs 984 crore will be invested in the pharmaceutical sector, he added.

The move is aimed at transforming the healthcare ecosystem of the State.

The State Minister said the companies will be establishing new healthcare units across the State i.e Noida, Greater Noida, Lucknow, Mathura, Ghaziabad and Moradabad. New pharmaceutical units are proposed near Lucknow, Moradabad, Noida, Jhansi, Hamirpur, Sitapur, Kushinagar, Lakhimpur-Kheri and Meerut, the minister said.

Singh also deliberated that proposed investment will increase the job prospect in the State. Around 37,000 people will be employed in healthcare sector while 13,000 people in pharmaceutical sector, he said.

The minister also said that UP will be a big brand after the Investors Meet. The two-day event, which commenced in Lucknow on Wednesday, is witnessing participation from stakeholders, policymakers and top healthcare companies.

Indo UK Healthcare has assured to invest Rs 2,700 cr in Noida and Lucknow, MI International Heart and Healthcare Foundation to invest Rs Rs 2,200 cr in Noida, Yamuna Expressway and Lucknow, Nayati Medicity to invest Rs 300 cr in Mathura, INOX Air Products to invest Rs 100 cr in Gazhiabad, Uniform Super Speciality Hospital to invest Rs 48 cr in Lucknow, and Asian Vivekanand Super Speciality Hospital to invest Rs 30 cr in Muradabad.

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