Health to be focus for Smart Global

New Delhi January 3rd, 2014: Singapore-based company Smart Global, which was Spice Global till recently, on Thursday launched Smart Living — an initiative under the company’s Smart Health City — in New Delhi.

B.K. Modi, Chairman of Smart Global, said the aim was to provide curative and preventive healthcare solutions — such as age management, yoga, neutraceuticals, nutrition, cosmetic procedures, stem cell therapies and others — under one roof.

“Now, our main vertical for growth in India will be healthcare,” Modi said, adding that they had already invested $100 million in developing the healthcare facilities in India, which includes refurbishing of the Saket City Hospital in Delhi as well as the Smart Living initiative.

By 2016, Modi aims to invest about $250 million in the healthcare initiatives and make Saket City Hospital a 1,000-bed unit. “We are talking about huge investments. It will be in billions of dollars. The Smart Health City is a $3-billion project,” he said. “This is the future.”

The aggressive focus on healthcare is also a part of the company’s new business focus which has four verticals — healthcare, education, finance and entertainment.Business Line