Updated On: 03 September, 2021 02:34 PM IST | Mumbai | Dharmendra Jore
Maharashtra cabinet clears proposal to invite private investment for creating healthcare infrastructure and mitigating shortage of qualified doctors

A nurse attends to a patient at KEM hospital. File picture
The Maharashtra Cabinet on Wednesday cleared a proposal to build new medical colleges and multispeciality hospitals in partnership with private entities. The public-private-partnership and private finance initiative (PPP-PFI) scheme will be implemented in consultation with the International Finance Corporation (IFC).
Similar PPPs are in operation in the neighbouring states of Gujarat and Karnataka. NITI Aayog has conceptualised a scheme based on successful experiments in the two states. Maharashtra will follow NITI Ayog’s model for inviting investors. The Centre will offer viability gap funding to the PPA projects.