British government-owned development finance institution CDC has invested $48 million in Bengaluru-based Narayana Hrudayalaya hospital chains
CDC aims to invest in businesses that create jobs and provide services and economic opportunity in poorer regions of India
Narayana Hrudayalaya aimes to lead the low-cost healthcare market in India delivering world-class healthcare standards to lower and middle-income patients.
Narayana Hrudayalaya will use funds to expand affordable treatment in Eastern, Central and Western regions of the country.
Funds from CDC will help build or expand hospitals in cities such as Kolkata, Lucknow, Bhubaneshwar and Bengaluru.
The healthcare provider expects to create at least an additional 8,000 jobs.
Narayana Health has set itself an ambitious growth plan, building on the 60% increase in beds it has delivered in the last 2 years.
The company also operates one of the world’s largest telemedicine networks with 150 telemedicine centres including 50 in Africa.
NH has formally signed up to the UK’s Department for International Development-supported SHE initiative (Safety, Health, Education & Employment for Girls and Women) to deliver vocational training in Healthcare to unemployed youths from rural India in association with Healthcare Sector Skilled council (NSDC).