Billionaire B.R. Shetty's holding company BRS Ventures has signed a Memorandum of Understanding with the Ministry of Public Health of the Islamic Republic of Afghanistan to take over two hospitals and to establish a pharmaceutical manufacturing unit in Kabulto enhance the public healthcare infrastructure of the city.
As per the MOU, BRS Ventures will operate and manage Sheikh Zayed Hospital (SZ Hospital) and Wazir Akbar Khan Hospital (WAK Hospital) under the public-private partnership model. Both hospitals will be branded under BRS Ventures' healthcare brand ‘BR Life’.
SZ Hospital is an 82-bed hospital while WAK Hospital is a 210-bed hospital that is anticipated to host over 72,000 patients annually. BRS Ventures will refurbish and rebrand the hospitals.
“I am thrilled that we have an opportunity to invest in Afghanistan," said Dr. B. R. Shetty, Founder, and Chairman of BRS Ventures. "My motto in life has always been to serve mankind. I am deeply grateful to H.E. Ashraf Ghani, the President of Islamic Republic of Afghanistan for trusting us and giving us an opportunity to improve the healthcare facilities in the country. I consider it my good fortune and with Allah’s blessings, I will ensure that we wholeheartedly enhance the public healthcare infrastructure in Kabul.”
BRS Ventures' foray into South Asia comes as it looks to expand its presence in the region. The company is building a hospital in Udupi in the South Indian state of Karnataka while it is also building a manufacturing unit for medical devices in Hyderabad along with a 500-bed hospital.