Odisha Government organised an Investor Meet in Hyderabad to encourage firms to invest in health sector. The meeting was attended by national level chains like Manipal Hospitals, Hi-Tech Group, JIS Group, MNR Educational Trust, LACFI, Hamdan Group-Abu Dhabi, CHAI, New Life Hospital, Universal Empire Group, Apollo Institute of Medical Science, Abengoa, Baxipatra Trust and GSL Trust.
Leading project financiers and private equity associations too participated in the meeting. Chairing the meet, Minister Health & Family Welfare Atanu Sabyasachi Nayak outlined some of the other health sector initiatives that the State Government has taken up through the PPP mode. The roles of technical assistance agencies like the DFID, IFC and Ernst & Young were appreciated in widening the PPP portfolio in the State.
Principal Secretary, Health & Family Welfare Pradipta Kumar Mohapatra reiterated the State’s commitment in terms of making available requisite land, associated infrastructure like road connectivity, power and water linkages. The priorities of the Government to address the health sector challenges were outlined.
The State Government has identified healthcare and medical education as one of the priority areas for private sector participation. The public-private participation (PPP) mode of project development has been mainstreamed to address the gaps in critical health infrastructure during the next five years, said an official release here on Friday.
As part of a development plan for the KBK region, the Government has proposed to establish medical colleges with 100 seats each and associated hospitals with 500 beds each in Rayagada and Gajapati districts through the PPP route.
These are the first medical college projects in the country to have been approved by the Central Government for Viability Grant Funding (VGF) support. The project cost is approximately Rs330 crore for each location, of which 40 per cent would be admissible as VGF support to be shared equally between the Central and State Governments.
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