Monday, June 8, 2015

Foreign players to invest in Medicity project at Mullanpur


Punjab Cabinet on Wednesday gave nod to allow foreign players to invest in health care sector, including setting up hospitals in the upcoming Medicity project at Mullanpur in Mohali here.
The decision was taken in a meeting of the Council of Ministers chaired by Deputy Chief Minister Sukhbir Singh Badal here on Wednesday.
To encourage participation of foreign key players in the medical health care and research, the Cabinet gave approval to amend the Land Allotment Policy, 2014, for allotment of plots for setting up hospitals, multi-speciality hospitals, medical colleges-cum-hospitals and medical research institutes in the upcoming Medicity at Mullanpur, also known as New Chandigarh, spokesperson of the Chief Minister’s Office said.
The amended policy allows participation of 100 per cent owned subsidiaries, joint ventures floated by foreign health institutions. It also allows the subsidiary of any parent company to apply for allotment on behalf of the parent company, he said.Part of the Dream Weave Walk Network 1998-2015