According to a report by The Decan Herald, ITC, the Kolkata-based cigarettes-to-hotels business conglomerate, has sought approval from its shareholders to foray into specialised healthcare by setting up multi-specialty hospitals and to promote health tourism. With this venture, ITC will be in line for competition with leading private healthcare groups like Apollo Hospitals and Fortis.
The company filed with the BSE recently and the ITC Board explained that the “initiative would leverage the company’s” expertise in the hospitality and tourism sector to promote medical tourism for the country. Informing that the plan was to set up world-class multi-specialty facilities, the ITC Board believed that “world-class medical facilities providing patient-centric best practices that would be valued and trusted by society will drive reform in healthcare in India.”
Besides hospitals and medical tourism, ITC would also set up a plethora of related facilities, including “healthcare centres, mobile health centres, nursing homes, diagnostic centres, dispensaries, pharmacies, clinics, laboratories, polyclinics, drug and medical accessories stores, nutrition and dietetic counselling centres, medical colleges, nursing colleges, medical research centres, facilities for training, development and skilling of related manpower,” the note said.