The tax holidays offered in the Union Budget for the healthcare sector has prompted Ahmedabad-based Shalby Hospitals to check into various newer destinations for setting up multi-speciality hospitals. Shalby has chalked out plans to add about 1,500 beds in the next five years for an estimated investment of Rs 450 crore. | |
| "As per the tax holidays offered in various tier 2 cities of India, we aim to enter Mehsana first followed by Nadiad and Surat. These will be 150-200 bed hospitals," said Vikram Shah, chairman of Shalby Hospitals. |
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| Shalby has set up a 200-bed multi-speciality hospital on the SG Highway with a built-up area of 1,80,000 sft. |
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| The company aims to fund its expansion plans through debt. It has been registering a compound annual growth rate of 60 per cent. Shalby has invested close to Rs 100 crore in its facility on the SG Highway. |
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| The hospital group has started its OPD service in East Africa and is now looking at Dubai and the UK. |
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| "We have chalked out our growth plans and as of now do not intend to dilute our equity," he added. |
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