Gautam Adani, the fifth richest person in the world, is preparing to invest extensively in the health service sector. There is a plan to invest 4 billion dollars for this.
Gautam Adani, the fifth richest person in the world, is preparing to invest extensively in the health service sector. Adani may acquire large hospitals, diagnostic chains and offline and digital pharmacies to gain a foothold in this sector. Mint has given this information quoting sources.
The Adani Group, which operates from airports to seaports, recently met several foreign banks and global private equity investors to outline the group’s plans in the health services business.
Ongoing negotiations with several companies
Sources said, “Gautam-Adani is in discussions with global players in the healthcare sector for a joint industry or alliance for the Indian market and an announcement is likely to be made soon. It is also planning to invest up to Rs. However, no announcement has been made by the company yet.
The government has announced several policy initiatives, including product-linked incentives, to attract investments in the healthcare sector. Plans are underway to promote domestic manufacturing of pharmaceuticals and medical devices. The home healthcare sector, especially the online pharmacy sector, has seen a significant increase in mergers and acquisitions over the past two years.