CHENNAI: City-based Dr Agarwal Eye Hospital Ltd. is planning to invest about Rs 730 crore in India and abroad over the next three years to create 38 new hospitals and more than 100 primary eye-care centres.
The investment in Maharashtra and Tamil Nadu would be Rs200 crore each, Gujarat Rs150 crore and Kerala Rs100 crore for setting up 10 eye care centres. The overseas investment would be about Rs 80 crore.
“As part of our expansion strategy, we will open 35 more hospitals in India and one each in Tanzania, Kenya and Nigeria,” said CEO AdilAgarwal.
The hospital, he said, is focusing on emerging markets such as Tamil Nadu, Kerala, Maharashtra, and Gujarat. Tamil Nadu and Gujarat are set to get 10 hospitals each, while Maharashtra about 15 hospitals. While the new hospitals in Gujarat and Maharashtra would be set up in 12 months, those in Tamil Nadu would take a longer time.
Dr Agarwal Group Chairman Amar Agarwal inaugurated a new hospital in Nagercoil, Tamil Nadu, and disclosed that they were gearing up to open 10 more hospitals in Tier-II citiesin South Tamil Nadu.“In addition, we are planning to setup 100 primary eye care canters, under the brand of 20|20 Eye Care by Dr Agarwal’s, across Tamil Nadu,” he said.
Currently, the eye-care chain manages 135 hospitals in its network out of which 114 are in India and the rest in Ghana, Kenya, Mauritius, Mozambique, Madagascar, Nigeria, Rwanda, Tanzania, Uganda, and Zambia.