Sahyog Foundation plans to set up a Medicity at Jagatpur near Cuttack and a college and hospital at Keonjhar in Orissa at an outlay of Rs 1,100 crore. The amount is to be raised through a mix of debt and contributions from the promoters and Non-Resident Indians.
The foundation has commenced land acquisition process for the Rs 900-crore medicity. The project is to comprise a 150-seater medical college, 700-bed hospital, homeopathic college, an ayurvedic college and other public amenities like a shopping mall, gymnasium, swimming pool and food court. The project is expected to be operational by 2014.
The Keonjhar project entailing a cost of Rs 200 crore will have a medical college with 50 seats to begin with and a 300-bed hospital. Sahyog is to sign the MoU with the Orissa Government for setting up the project shortly.