Dubai-based Dr Moopen's Group plans to set up a complex of hospitals in a 'Medcity', spread over 30 acres in Kochi to cater to medical tourists from India and abroad.
Group's Chairman Azad Moopen said construction work on the Rs 1,500 crore project is likely to start within six months.
The project is expected to generate 15,000 jobs for doctors, nursing and paramedical staff.
The group has already started talks with the state government and the Kerala State Industries Development Corporation (KSIDC), to get single window clearance for the project.
The group has set up a new joint venture called DM Healthcare (P) Ltd as a strategic partner for the Medcity. About one-third of the proposed Rs 1,500 crore investment would be made by DM Healthcare while the remaining would be invested by other partners coming onboard the project.
The group has already acquired about 20 acres of land near the Seaport-Airport road in Kochi and is looking for another ten acres.
The 'Medcity', will have a large 500-bed 'anchor hospital' and about ten smaller hospitals of 100 to 200 beds for individual specialities. It will have a built-up area of 2.5 million sq. ft.
Dr Moopen's Group also running the Malabar Institute of Medical Sciences (MIMS) in Kozhikode.
The group's next venture in Kerala, a 300-bed hospital called MIMS-Kottakal, will be opened in Kottakal in six months' time with an investment of Rs 30 crore.
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Tags: Dr Moopen's Group, Dr Moopen's, Medcity Kochi, Medcity, Cochin, Azad Moopen, Kerala State Industries Development Corporation, KSIDC, DM Healthcare (P) Ltd, Malabar Institute of Medical Sciences, MIMS, MIMS-KottakalKottakal