Commenting on the launch, Dr. B.K Modi, Chairman, Smart Global, said As India continues to advance and raise its benchmark of development, the need for a modern, proactive and sensitive healthcare ecosystem is most immediate. Smart Living will offer the best expertise and the highest quality of services. By 2016, we aim to invest about $250 million in the healthcare initiatives and make Saket City Hospital a 1,000-bed unit. Smart Health City is a $3-billion project and we are confident that we will contribute significantly to the growth and development in this segment. Delhi will be the first Global City coming out of India.
We see a tremendous opportunity in our Smart Living initiative which is set to revolutionise the healthcare sector. Our main vertical for growth in India will be healthcare segment. We have already invested $100 million in developing the healthcare facilities in India, which includes refurbishing of the Saket City Hospital in Delhi as well as the Smart Living initiative, he further added.
Smart Health City represents the healthcare vertical of the Group comprising Saket City Hospital and Smart Living and will be spread over an area of 15 acres to be completed in a phased manner by FY 2016/2017. It will consist of facilities offering premium, multi-dimensional services in wellness in the fields of Yoga, Meditation, Age Management, Stress Management, Assisted Living, Vipassana, Stem Cell Therapy, Wearable Health Devices, Wellness Spa, Aesthetic Medicine, etc. All these services will be offered through experts with whom Smart Health City have exclusive tie ups and partnerships. Smart Health City shall also house facilities like Alternative medicine block, convention center, medical office building, research & testing center, medical recuperation, serviced apartments, education & training block and residential block.