Kozhikode: The Dubai-based Fathima Healthcare Group has launched a new venture, NRI Project Management India Ltd (NRI-PMI), and has drawn up plans to invest around Rs 500 crore in various projects here in the first phase.
The projects include a world trade centre, convention centres, star hotels, supermarkets and amusement parks. The new venture will mainly focus on the welfare of the non-resident Indians (NRIs) and their families, according to Dr K.P. Hussain, Chairman, Fathima Healthcare Group.
He said here on Wednesday that funds would be raised through shares from NRIs and invested in profitable projects. The company will identify suitable projects in other States in India as well for making investments and NRIs will be given preference in employment according to their skills or through proper training at NRI-PMI-funded projects.
The company will have branches all over India with regional head-offices. Further, it was proposed to establish representative offices all over the world with the support of related authorities, Dr Hussain said.
The NRIs can either propose the projects or take up new or existing projects of the Union or State governments. The projects will create employment opportunities for NRIs who return from abroad after losing jobs or for any other genuine reason.
Along with the NRI projects, the group is floating a new venture, styled, Corn Corner Foods India Private Ltd. To begin with, sweet corn machines will be established in different parts of Kozhikode city as also in its suburbs, offering employment opportunities to around 100 people.
The group's other initiative, Dr K.P. Hussain Charitable Trust, is planning to install dialysis units in all district hospitals in Kerala at an estimated cost of Rs 5.5 crore. The trust has been extending scholarships to students from poor sections of the society and assistance for the treatment of poor patients.
Fathima Healthcare Group has spread its activities to Qatar, Oman, Bahrain and Saudi Arabia and has also firmed up its presence in education, media and hospitality fields.
No comments:
Post a Comment