The Andhra Pradesh Economic Development Board (APEDB) and Elite Multi Speciality Hospital Group signed a Memorandum of Understanding today,November 1, certifying the investor’s intent to set upa project titled, Elite Multi Speciality Hospital Project in Tirupati. The MoU was signed by Mr. J Krishna Kishore, CEO, Andhra Pradesh Economic Development Board and Dr. A. Balasubramanyam, Chairman, Elite Hospital PvtLtd. This is APEDB’s fifth MoU signing to further enhance facilities for hospitalization and healthcare in the state of Andhra Pradesh and first in Tirupati.
Sustaining our organizational commitment to the Government of Andhra Pradesh and its people to provide world class healthcare facility in the state, we are the facilitation partner forElite Multi Speciality Hospital Private Ltd,a leading corporate hospital in Tirupati. Over the past year,Elite Hospitality Group has been sustainably contributing to healthcare in Tirupatiand has so far treated over 76,000 patients with 22 active departments.
With the Elite Multi Speciality Hospital Project in Tirupati, the organization hopes to further invest about 250 crores in two phases in the state of Andhra Pradesh. This will increase capacity of patient accommodation in the hospital by about 500 beds and also help set up an Organ Transplant and Cancer Care Centre, generating employment for over 5000 persons.
APEDB has formerly facilitated the setting up of American Institute of Medical Sciences, BRS Medicity Amaravati, Indo UK Institute of Health Medicityand LV Prasad Eye Institute, all in the CRDA region.
The Economic Development Board has been conceived under the leadership of the Honourable Chief Minister N. Chandrababu Naidu to accelerate the inclusive economic growth of the state Andhra Pradesh. The board acts as a catalyst to facilitate economic growth, investment climate, reforms, and competitiveness in Andhra Pradesh. The state of Andhra Pradesh clocked a growth rate of 11.72% in the first quarter of 2017-18. The Andhra Pradesh Economic Development Board (APEDB) will continue to aggressively manage bilateral relationships, align economic activities with growth paradigms and lead investment promotion.