Aster DM Healthcare has announced its plans to invest about Rs10bn ($698m) in India as part of its strategy to expand its hospital facilities in the country.

The group currently operates a wide network of hospitals and clinics in the Middle East and the Indian state of Kerala, reported The Economic Times.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Besides establishing new hospitals in Kerala, it plans to tap cities such as Bengaluru and Chennai.

Aster DM Healthcare chairman Dr Azad Moopen was quoted by the publication as saying: “We plan to add 1500 beds to the existing 4300 in the country by 2021.’’

It plans to soon open a 300-bed hospital in Kannur district of Kerala and 250 bed hospital in Bengaluru of Karnataka.  These two projects are nearing completion.

The firm also plans to build another two hospitals in the southern part of India – one in Thiruvananthapuram of Kerala and Chennai of Tamil Nadu.

The average cost of establishing  a bed would be around Rs7m ($484,215).

Dr Moopen also added that the first batch of students from the group’s DM Wayanad Institute of Medical Sciences (WIMS) are set to graduate this month.

He added: “Our aim is to make it one of the top ten medical colleges in the country by 2025.’’

Aster Hospitals and Clinics India CEO Dr Harish Pillai said that Kerala has seen a 15% increase in the arrival of medical value travellers. More visitors are coming from Bangladesh, the Middle East and African countries such as Nigeria, Kenya and Tanzania.