Yash Birla to invest Rs 300 cr in healthcare

 Three months ago, the group entered into a tie up with Apollo to set up a 200-bed hospital in Thane, near Mumbai, at an investment of Rs 110 crore. Yesterday, the group announced the setting up of Evolve that would be involved in plastic surgery, implant and cosmetic dentistry, cosmetic deramatology and anti-aging medicine.

 Yash Birla has tied up with Singapore-based Pacific Healthcare Holdings. Both the players would invest Rs 28 crore in Evolve in the first year when they would set up five Evolve facilities in Mumbai. "In the next three years, we plan to take Evolve a pan-India operation by having 25 facilities," Birla said.

 Last year, Yash Birla Group had commissioned consultancy firm  Ernst & Young to do a study on the health and wellness sector.       The study revealed that the health and wellness sector is at Rs 1,80,000 crore and would grow at 20 per cent per annum.

 "Today, everyone is conscious of the way they look. They keep aside some portion of their money for health and wellness," Birla said for entering this sector.

  "We would be announcing two more projects in the health and wellness sector in the next two months," he said.The group would slowly venture into ayurveda, too, which it plans to take abroad, he added.