The new multi-speciality hospital, featuring 150 beds, is expected to open in September 2026. Credit: Piotr Zajda/Shutterstock.

Srinivas Institute of Medical Sciences and Research Centre, based in Mangaluru, India, has secured the contract to operate and maintain the current hospital with 32 beds and construct a new 150-bed multi-speciality hospital. 

This development of the new hospital at New Mangalore Port is part of a public-private partnership (PPP) initiative aimed at enhancing healthcare infrastructure in the region.  

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

According to ETInfra.com, the new multi-speciality hospital will be developed with a revenue share offer of 3.7%. 

As part of the latest agreement, Srinivas Institute will hold the exclusive rights to manage the existing hospital for two years and to build and operate the new facility on a three-acre plot for a period of 60 years.  

The existing hospital is owned by the New Mangalore Port Authority and run by the Indian government. 

See Also:

Anticipated to open by September 2026, the new hospital construction project will be carried out with an investment of Rs1.07bn ($12.86m). 

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.

The facility will cater to the healthcare needs of the employees at the port, retired personnel, their dependents, the Central Industrial Security Force, as well as the non-New Mangalore Port Authority people in the surrounding community. 

Currently, the New Mangalore Port Authority’s hospital, spanning 1.3 acres, provides outpatient and diagnostic services primarily to beneficiaries of the port authority.  

Once the new hospital is operational, the existing facility will revert to the port authority. 

The upcoming 150-bed hospital will expand the range of medical services available, which are currently not offered at the existing port hospital, ETInfra.com report noted. 

Srinivas Institute, established by the A Shama Rao Foundation, is affiliated with Rajiv Gandhi University of Health Sciences in Bangalore and recognised by the Medical Council of India. 

Officials anticipate that this project will reduce the annual medical costs for treating port employees and will also serve the healthcare needs of residents within a 5km radius of Kulai, Panambur, Baikampady, Surathkal, and some other nearby areas.  

Additionally, it is expected to create employment opportunities for medical professionals and support staff.