BANGALORE: Japanese conglomerates have made big investments in India's automotive and pharmaceuticals markets.
Now they are training their sights on the country's rapidly growing healthcare space.
Secom Medical Systems, which operates 5,500 hospital beds across 18 hospitals in Japan, is joining hands with Vikram and Geetanjali Kirloskar to set up a super specialty, 300-bed hospital in Bangalore
at an investment of Rs 200 crore.
While the Kirloskars hold a 50% stake in the joint venture-christened Takshasila Healthcare and Research Services-the remaining stake is split between the $70-billion Secom Group and Toyota Tsusho Corporation, the trading arm of Japanese auto giant Toyota. Vikram Kirloskar is an equity partner in several Toyota ventures in India, including the car maker, Toyota Kirloskar Motor.
Tatsuro Fuse, president and CEO of Secom Medical Systems, who was in Bangalore on Tuesday to sign the joint venture agreement and who spoke exclusively to TOI, said, "We are looking at operating 20,000 hospital beds in India over the next 10 years."
Secom will manage the Bangalore hospital and its director Toshimasa Yashima will be the MD of Takshasila Healthcare. Geetanjali Kirloskar, director in Kirloskar Systems, will be the chairperson. "The hospital will be completed by the end of this year and will become operational in April next year," said Vikram Kirloskar.
Geetanjali Kirloskar said the company's initial focus would be on south and west India.
The next two hospitals could be a second facility in Bangalore located towards the international airport and a hospital in Pune. Japanese company ties up with Kirloskars for hospitals - The Times of India