Despite Pandemic, J&K Attracts Four Proposals To Invest Rs 3,325 Crore In UT's Healthcare And Medical Education Sectors

In a positive development, the Union Territory (UT) of Jammu and Kashmir (J&K) has received investment proposals of Rs 3,325 crore in healthcare and medical education sectors despite the challenges posed by COVID-19 pandemic, reports Economic Times.

Of the proposals, the largest one has been put forward by HP Kapital Limited which has proposed a Rs 2,200 crore hi-tech medical university with a 300 bedded hospital and a 700-bedded student accommodation in Kashmir and Jammu regions. The proposal could generate 6,000 employment opportunities.

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.

Other than this, Apollo Hospitals Enterprise Limited has proposed to set up a 200-250 bedded super speciality hospital in Jammu with an investment of Rs 200-250 crore. The project would create employment for 1,200 people. Also, Virinchi Healthcare Private Limited has submitted a project proposal for setting up of 500 bedded multi-speciality hospital with an investment of Rs 200 crore.

This comes even as the UT administration could not hold its much-talked-about global investment summit as the pandemic played a spoilsport. The Government is now actively evaluating the four proposals.