Andhra Pradesh Economic Development Board signs Memorandum of Understanding (MoU) with Amaravati American Institute of Medical Sciences (AAIMS)
The Andhra Pradesh Economic Development Board (APEDB) today signed a Memorandum of Understanding (MoU) with Amaravati American Institute of Medical Sciences (AAIMS).
The MoU was signed by Chandra S Mokkapati, CFO, AAIMS and J. Krishna Kishore, Chief Executive Officer, Andhra Pradesh Economic Development Board. With this MoU, AAIMS will be set up in 20 acres of land in Ibrahimpatnam, Vijayawada in three phases with an investment of Rs. 650 crores.
AAIMS will be set up by a group of NRIs from Dallas, USA under the Chairmanship or Dr. Navneet Krishna, Vice Chairmanship or Chandra S Mokkapati and Chief Financial Officer Mallikarjuna Rao Chalasani.
The APEDB, the single point of contact for trade, investments and partnerships in the state of Andhra Pradesh will seamlessly facilitate AAIMS’ entry into Andhra Pradesh.
Andhra Pradesh is an emerging destination for healthcare and hospitality especially with the entry of major healthcare providers like BR Shetty Group and Indo-UK Institute of Health.
J. Krishna Kishore, Chief Executive Officer, Andhra Pradesh Economic Development Board said “AAIMS is built upon the commitment to the people of Andhra Pradesh to deliver compassionate, patient-centered care of the highest quality.”
“I am confident and hopeful that by complementing the existing healthcare infrastructure that AAIMS will seek to build, we will be able to succeed in delivering sustainable, high-quality healthcare for the whole country” he added.
The phase 1 would involve establishing 700 beds (for teaching hospital) with an estimated cost of 300 crore and the phases 2 will establish 400 beds (corporate hospital) with an estimated cost of 250 - 300 crore.