Gautam Adani Announces ₹60 Billion Investment in Healthcare Projects in Mumbai and Ahmedabad

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Indian billionaire Gautam Adani announced on Monday that his family will invest more than ₹60 billion ($686.18 million) to establish two affordable healthcare campuses in Mumbai and Ahmedabad. These projects will be developed in collaboration with the U.S.-based Mayo Clinic.

Each of these campuses will include hospitals, medical colleges, transitional care facilities, and research centers. The Adani Group stated that the not-for-profit Mayo Clinic Global Consulting will provide the necessary technical expertise for these ventures.

Adani highlighted that these healthcare campuses are the first initiatives stemming from a ₹600 billion commitment made two years ago to support healthcare, education, and skills development.

Alongside these projects, the Adani Group is also engaged in transforming Asia’s largest slum, Dharavi, into a modern urban hub. However, the $619 million redevelopment agreement has met resistance from some residents who have raised concerns about the project’s feasibility.

Meanwhile, in November, U.S. authorities accused Adani and several senior executives of participating in a scheme involving $265 million in bribes to secure power supply contracts in India. The Adani Group has dismissed these allegations as “baseless.”

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