Chief Minister N Chandrababu Naidu today laid the foundation stone for the BRS Medicity, a 1.8 billion USD project, in the capital region.
The quantum and analytics healthcare centre is being set up with an investment of Rs 330 crore. It will consist of a research centre, quantum computing secure hardware zone and data centre, according to a release issued by the AP Capital Region Development Authority.
The quantum computing centre will employ 300 people. The Medicity will have a Rs 1,150 crore medical university for 800 students, Rs 1,500 crore super-speciality hospital with 1,500 beds, Rs 500 crore medical devices manufacturing facility, knowledge process outsourcing centre that will employ 4,000 people, stem cell research centre, naturopathy and a yoga centre, the release said.
The BR Shetty group will also set up an International Baccalaureate School that could have could have an intake of 2,890 students and provide 500 jobs, it added.
BRS Ventures and Holdings Pvt Limited has proposed to invest $1.8 billion in Andhra Pradesh in healthcare, tourism, hospitality, infrastructure and education sectors. It has proposed to set up a medical university with an investment of `1,150 crore with an intake of 800 students.
Dental and pharmacy colleges and a super speciality hospital with an outlay of 1,500 crore are also part of the project. As part of the MoU reached with the State government, it will also set up a pharmaceutical manufacturing unit with an outlay of 500 crore. The proposed Knowledge Process Outsourcing Centre will provide direct employment to about 5,000 people. It is also planning to set up stem cell research, analytics and quantum centres with an outlay of `300 crore. International Baccalaureate School, Naturopathy and Yoga Centre, 3-star hotel and service apartments and residential accommodation to its employees are the other initiatives of the BRS Ventures.