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Emami to exit Ayush Gram project in Uttarakhand

26 Aug 2013 Evaluate

Emami, Kolkata-based FMCG firm has decided to exit from the Ayush Gram public private partnership project in Uttarakhand claiming red-tapism as well legal and political hassles. It has also conveyed that it want to withdraw from the project launched in 2010 that envisages setting up of whole range of health facilities including a hospital, wellness centre, a hotel and a herbal garden. However, the government is likely to call a high-level meeting to take final decision on the matter.

In August, 2010, FMCG firm has inked pact with Uttarakhand Government for setting up India’s first Ayush Gram spread over 10 acres at Bhawali town. As per the agreement, it had to set up a minimum 60 bed hospital in at Bhawali. It had to make an upfront payment of Rs 2.5 crore.

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451.45 25.50 (5.99%)
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