Apollo Hospitals group is planning to invest close to Rs 650 crore in West Bengal over a five year period. Investments will come in the form of a medical college, a gastro-science and liver institute, and its second hospital in Kolkata.

The ‘Institute of Gastro Sciences and Liver’ with 120 beds will be the first to come up.

It is expected to be set up at an estimated cost of Rs 50 crore in the next six months. The cost will be funded partly by internal accruals and through bank loans.

Apollo Hospitals is also on the lookout to set up a super-speciality hospital – its second in the city – in the south-western parts. The second hospital will have around 200 beds and will come up at an estimated cost of Rs 200 crore.

The Apollo group will invest Rs 400 crore in a medical college and hospital on a 14 acre plot at Batanagar on the southern outskirts of the city. The foundation stone for the medical college has already been laid.

The medical college, in the initial stages, will have an annual intake capacity (batch size) of 150 students. It is being set up by the Apollo Foundation (Apollo Hospitals Education & Research Trust).