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November 04, 2013

Deal Alert: UK’s DFID to invest Rs 42-Cr across Glocal Healthcare, Gramco Infratech, Shikhar Dairy

The British Government’s Department for International Development (DFID), through its Rs 400 crore (40 million pounds) Samridhi Fund, will invest 4.2 million pounds (Rs 42.38 crore) in Glocal Healthcare System (Rs 24.6 crore), Gramco Infratech (Rs 14.7 crore) and Shikhar Dairy (Rs 1.9 crore). Glocal Healthcare System will use the money to operate a chain of affordable hospitals benefitting 1.2 million rural patients in low-income states by 2020; Gramco Infratech will build agricultural warehouses to provide storage and value added services to more than 3,000 farmers every season in MP; and Shikhar Dairy will set up a professionally managed dairy that will allow 300 landless rural poor to own cows and a dairy in the Jhansi district of UP. 


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