Singapore-based NRI businessman plans to implement $2bn project in India
(Sourced from PTI)
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.
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.
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.
"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.
