ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Tamil Nadu- Teachers Strike

December 21-28, 1985 to encourage non-resident Indians (NRI) to invest in India, hospitals have been included among the areas qualifying for NRI investment upto 74 per cent. Last month the definition of hospitals was enlarged to include 'diagnostic centres' as well in order, as the government press note put it, ."to facilitate the inflow of NRI expertise and investment in the area of medical diagnosis through specialised and sophisticated equipment not readily available in India". Apollo Hospitals in Madras was the first to come up in response to the government scheme, as a public limited company with nonresident investment. Others have since followed in its wake. The PD Hinduja National Hospital and Medical Research Centre in Bombay announced early last month "the first Indian hospital to be set up in consultancy with a leading foreign medical centre". The foreign consultant in question is the Massachusetts General Hospital of the US and the proposed hospital, expected to be completed in 1986, is estimated to cost Rs 55 crore. Apollo Hospitals has in the meantime, been expanding its activities. In October Vice-President R Venkataraman himself inaugurated its new Diabetes Education and Research Foundation and Blood Cell Processor Centre.

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