Punjab allows foreign players to invest in state’s health sector

Punjab Cabinet on Wednesday gave <g data-gr-id="13">nod</g> to allow foreign players to invest in <g data-gr-id="14">health</g> care sector including setting up hospitals in the upcoming Medicity project at Mullanpur in Mohali here. The decision was taken in a meeting of the Council of Ministers chaired by the Deputy Chief Minister Sukhbir Singh Badal here on Wednesday.

To encourage participation of foreign key players in the medical health care and research, the Cabinet gave approval to amend the Land Allotment Policy-2014 for allotment of plots for setting up hospitals, multi-speciality hospitals, medical colleges-cum-hospital and medical research institutes in the upcoming Medicity at Mullanpur which is also known as New Chandigarh, spokesperson of the Chief Minister’s 

Office said on Wednesday.

The amended policy allows participation of 100 per cent owned subsidiaries, joint ventures floated by foreign health institutions, he said.