In 2017, CDC invested $21 million into Asian to support the company’s growth.
Our capital will be used to fund the company’s continued expansion into Central India where the demand for healthcare is huge and the supply highly constrained.
While quality healthcare has been adopted in many parts of India, hundreds of millions of people in Northern and Central India live in places with limited access to tertiary care, causing them to either miss out on treatment or travel many hours to gain access.
Our investment will increase access to high-quality care for underserved patients in some of India’s poorer cities. The company is looking to expand its capacity in existing sites; it will also open new hospitals in more northern Indian states such as Bihar, Uttar Pradesh and Jharkhand.
This expansion will also create around 2,000 new jobs and deliver training and improved skills for nursing and paramedic staff in these cities, delivered through outreach programs.
Environmental and social aspects
We are working with the company to implement environmental, social and health and safety systems across all of its hospitals. This is being done in parallel with capacity-building activities for Asian staff.
We are planning resource efficiency improvements, starting with energy and water audits. We are also discussing nursing and paramedic training in Jharkand.
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- South Asia
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.
- Investment type
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Direct Equity
- Start date
For direct investments, this is the date CDC committed capital to the business or project.
For funds, this is the date that CDC committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- November 2017
For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that CDC has committed to the fund.
This is the investee company’s place of incorporation; or a fund’s jurisdiction.