Fortis to invest Rs 500cr for medicity in Lucknow

NEW DELHI: Private healthcare company Fortis Healthcare Ltd on Wednesday tied up with realty major Ansal API to set up a world class medicity at Ansal's in Lucknow and said it will invest about Rs 500 crore in the project.

''We are looking at an investment of about Rs 500 crore in the medicity and will pump in more, in the near future,'' Fortis Group Managing Director Shivinder Mohan Singh said.

As per the agreement, Ansal API and Fortis have joined hands to set up Fortis facility for medical treatment and, teaching and training for the medical students.