adani: adani share price: Gautam Adani’s Adani Group, a colossal entrepreneur not only in industry, trade and culinary products, is also making its mark in the medical field. Said to be down in the medical and research department.
New Delhi, First Published May 19, 2022, 10:06 AM IST
Gautam Adani’s Adani Group, a colossal entrepreneur not only in industry, trade and culinary products, is also making inroads in the medical field. Said to be down in the medical and research department.
Adani Group ventures into the medical field under the name Adani Health Ventures (AHVL). The Adani Group plans to set up hospitals, research centers, testing centers, hospitals with state-of-the-art facilities and research centers.
Adani Group has mentioned these details in the Mumbai Stock Exchange filing. It said, “Adani Group is to engage in the medical business under the name Adani Health Ventures. One lakh rupees is being paid as share investment for this. Adani Health Ventures will start trading on time soon. ”
Initial reports said Gautam Adani, chairman of the Adani Group, would focus on setting up medical facilities, especially hospitals, and setting up testing centers.
It is noteworthy that the Adani Group is said to be particularly interested in the pharmaceutical sector, both online and offline. Adani Group has acquired 30 different companies since 2014.
The Adani Group recently acquired Ambuja and ACC Cement from Holcim, a Swiss company. Adani Group has already become the 2nd largest cement manufacturing company in the country, while being strong in ports, airports, power and non-conventional energy.
The medical sector is projected to reach $ 349.10 billion in the current fiscal year, according to an economic study. The country’s general spending on medicine has increased by 2.1 percent of GDP. It was 1.8% in 2020-21 and 1.3% in 2019-2020.
Last Updated May 19, 2022, 10:06 AM IST
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