ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

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.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top