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HCG to invest Rs 200 cr for expansion

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Press Trust of India New Delhi
Last Updated : Jan 19 2013 | 10:59 PM IST

Cancer care provider, Health Care Global will invest about Rs 200 crore in the next two years for expansion in both domestic as well as overseas markets.

The Oncology major is planning to expand its operations in Bangladesh, Sri Lanka, Middle East, Africa and in UK besides increasing the number of centres in India.

"We have lined up around Rs 200 crore for the next couple of years which would be spend on expansions in both domestic and overseas markets," HealthCare Global (HCG) Enterprise Chairman Dr B S Ajai Kumar told PTI.

The company is planning to increase the number of centres in the country to 20 from 15, and is also going to set up a 100-bed super specialty hospital for the treatment of cancer in Ahmedabad, thus taking the total specialty care centres to three.

Also looking to expand its operation in the domestic market with the help of government it has made presentations to Rajasthan, Karnataka, Andhra Pradesh and Delhi governments for opening up tertiary care centres through public-private-partnerships.

Currently, it is waiting for the response of the state governments.

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HCG has earlier raised around Rs 400 crore through a mix of debt and equity placements for setting up operations in India and is now also looking to tap the capital market for its future growth.

"We have raised money through equity placements and now we are interested in listing also but would wait till the volatility in the market ends," Kumar said.

On the global front, it will soon set up a centre in Bangladesh and is negotiating with local partners in UK and Sharjah for venturing there. The company has also chalked out plans in opening up centres in Sri Lanka and in African countries.

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First Published: Nov 27 2008 | 7:03 PM IST

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