HealthCare Global Enterprises, (HCG) is investing Rs 130 crore in a Greenfield hospital initiative. The company has inked a pact in this regard with Karnataka government during the Global Investors Meet to take the project forward.

Karnataka State Industrial Investment Development Corporation has identified the land and assigned six acres at Devanahalli near the Bangalore International airport. The new 200 bed facility will be largest hospital for HCG and the highest investment by the cancer care major, Dinesh Madhavan, director marketing, HCG told Pharmabiz in an email interaction.

"We will commence construction in fiscal 2011-12 and will raise the required funds from investors and partners. We will not be able to provide more details now. However, this initiative will give a much needed boost for health care sector and bring in advance technology and expertise in cancer care delivery," he added.

The focus of the 200-bed facility will be on paediatric oncology, research & education. The research will be on various types of cancers, the latest developments in targeted therapy & advances in paediatric oncology. This centre will cater to both patients from India and abroad. The cancer major will also be going for accreditation across all it's major locations including the proposed centre of excellence at Devanahalli, said Madhavan.

HCG, currently manages a network of 20 cancer centres across Asia. Bangalore Institute of Oncology (BIO), the flagship of HCG, set up almost two decades back was the first dedicated comprehensive cancer centre to be established in the private sector in India. Under the guidance of Dr B S Ajaikumar, BIO acquired Curie Centre of Oncology in 2000 and re-christened it as HealthCare Global Enterprises Ltd. Besides expanding to other geographies nationally, HCG acquired Triesta Sciences in December 2005. Under this banner HCG runs a high end Onco-Reference Laboratory, Biomarker research & validation R&D laboratory and Research Organization - CRO.