Indo-UK Institute of Health (IUIH) is going to invest Rs.1,000 crore in the field of healthcare. Andhra Pradesh government signed a MoU with the Indo-UK Institute of Health in vizag. According to MoU, a mega hospital with a total cost of Rs 1,000 crore, with 1000 bed capacity will be built in Andhra Pradesh capital city, Amaravati. Along with the hospital, Medical College, research and training institutions will also be set up.
Andhra Pradesh Government will give hundred acres of land to this project. The foundation stone for the mega project regarded as “Health Care City” will be held in July. IUIH Chairman Mike Parker said that the construction of the mega hospital in Amaravati will be completed in 36 months.