Page Loader
Singapore-based NRI businessman plans to implement $2bn project in India

Singapore-based NRI businessman plans to implement $2bn project in India

Apr 16, 2018
04:04 pm

What's the story

A Singapore-based NRI plans to implement projects worth $2 billion in India, focusing on green initiatives such as electric vehicles (EVs) and healthcare center. "We are doing Conscious Capitalism (that is to) do business which is good for the society," said Bhupendra Kumar Modi, now a Singapore citizen with a global business network. His initiatives began out of Singapore in 2013.

Focus

Modi's focus on hospitals, healthcare, healthy living and EVs

Modi's Smart Group has spread out $1 billion each for a MODICITI, a yoga center, and a Solar City, which are being developed in phases over the next few years. "Ultimately, it is health area. We feel that one of the biggest problems for health is the pollution part," said Modi, underlining his focus on a hospital-healthcare-healthy living and the EVs in India.

MODICITI

MODICITI at Delhi's Saket estate will have a 1,400-bed hospital

These developments are follow up to Modi's initiatives from 2013. The MODICITI at Delhi's Saket estate will have a 1,400-bed hospital as well as research center and a stem cell laboratory. Currently, a 300-bed hospital is already in operation. It's based on Singapore's Health City Novena. The group is also investing in a Yoga City at Rishikesh, the yoga capital in the Himalayas.

Information

Building a center that is base for yoga worldwide

"We are building a center there (Rishikesh) as a base for yoga worldwide," Modi said, adding that Yoga exercises will have to be adopted to suit various age groups.