The Hindu : Andhra Pradesh News : `Investment scope in State great'

Online edition of India's National Newspaper
Saturday, Oct 30, 2004

Andhra Pradesh

Andhra Pradesh

`Investment scope in State great'

By Our Staff Reporter

The Chief Minister, Y.S. Rajasekhara Reddy, with the Deputy Prime Minister of Singapore, Toni Tan, in Hyderabad on Friday. Photo: Satish H

HYDERABAD, OCT. 29. The Deputy Prime Minister of Singapore, Dr. Tony Tan Keng Yam, has said that Andhra Pradesh's continued emphasis on infrastructure would be the key consideration for potential investors.

Dr. Tan was inaugurating the Pacific Medical Centre, a joint venture between Singapore-based Pacific Healthcare and Vitae Health Care, started by a group of doctors and scientists and healthcare professionals here on Friday.

Healthcare centres set up

The centre provides multi-disciplinary specialist healthcare services as well as comprehensive laboratory services and diagnostic radiology The Chief Minister, Y.S.Rajasekhara Reddy, laid the foundation stone for the Pacific Women and Children's Hospital and the Pacific Stem Cell Bank and Biomedical Research Centre.

The Deputy Prime Minister in his address said that the State's ranking as one of the top three destinations for investments in India spoke volumes of its technological and economic progress. It was apparent that the State was committed to push for a quantum improvement in all areas of development.

He said the demand for good healthcare around the world was increasing rapidly and India as the world's second most populous country had tremendous potential for healthcare services. He said there were many Singapore-based companies, which had seen potential and are investing in India. On the other hand, more than 1,400 Indian companies had set up their operations in Singapore.

YSR's assurance

Dr. Reddy assured Singapore that the State would provide the necessary infrastructure to attract investments. He said the Government was pro-active and would provide the best of infrastructure, communications, quality power and water. He said the atmosphere was also congenial for attracting investments.

Dr. William Chang, Executive Chairman, Pacific Healthcare Holdings, said that the hospital would focus on preventive medicine through health profiling and lifestyle modification programmes. Dr. Krishna Swaroop Reddy, the Managing Director, Pacific Hospitals, said five per cent of the capacity of hospital was meant to treat poor patients free of cost. The High Commissioner of Singapore to India, See Chak Mun was present.

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