Leading fertility chain Indira IVF on Monday said it will invest up to Rs 80 crore to open around 20 centres in south India by March 2020.
The company will be focusing to provide services in Karnataka, Telangana and Andhra Pradesh. Some of the cities that it would be targeting include Mysore, Bellary, Mangalore, Hubli, Davangere, Warangal, Karimnagar, Visakhapatnam among others, Indira IVF said in a statement.
"With 81 centres currently spread across the county, we would be coming up with 15-20 new centres in south India. We would be investing around Rs 70-80 crore for establishing the new centres in south India," Indira IVF Marketing Director Nitiz Murdia said.
The company is an industry leader in north India and in order to extent its reach, it is currently focusing on south India, especially Karnataka, Telangana and Andhra Pradesh, he added.
Indira IVF also has plans to soon expand internationally, Murdia said, without giving any timeframe for the foray outside the country.
The company has performed over 50,000 successful in vitro fertilization (IVF) procedures in past eight years.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app