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NRI businessman plans to implement projects worth USD 2bn in India

Press Trust of India  |  Singapore 

A Singapore-based NRI plans to implement projects worth USD 2 billion in India, focusing on green initiatives such as electric vehicles (EVs) and

"We are doing Conscious Capitalism (that is to) do business which is good for the society," said Bhupendra Kumar Modi, now a citizen with global

Modi's Smart Group has spread out USD 1 billion each for a MODICITI, a yoga centre and a Solar City, which are being developed in phases over the next three to five years.

"Ultimately, it is health area. We feel that one of the biggest problem for health is the pollution part," said Modi, underlining his focus on a and the EVs in

These developments are follow up to Modi's initiatives which began out of in 2013.

The MODICITI at Delhi's Saket estate will have a 1,400-bed hospital as well as research centre and a stem cell laboratory. Currently, a 300-bed hospital is already in operation.

The MODICITI is based on the Singapore's Health City Novena.

The group is also investing in a at Rishikesh, the yoga capital in the Himalayas.

"We are building a centre there as a base for yoga worldwide," he said, adding that Yoga exercises will have to be adopted to suit various age groups.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 16 2018. 13:15 IST