VIJAYAWADA: The future of two prestigious institutes, to be set up in the capital city of Amaravati, is hanging in balance, with the authorities of the Capital Region Development Authority (CRDA) issuing notices to the Indo UK Institute of Health and the BR Shetty Medicity Health Care and Research Private Limited, both institutes of NRIs.
For record, the CRDA allocated 50 acres for the Indo UK Institute of Health and 100 acres for the BR Shetty Medicity.
However, on the pretext that both the managements have failed to begin construction works in the stipulated time, the CRDA has issued notices, asking both the firms to commence the works immediately.
As both the firms are international health institutes, the CRDA, while issuing the Letter of Interest (LOI), kept a condition that both the firms will have to finalise a foreign academic partner before the start of construction.
But with both the managements taking time in finding foreign academic partners, the CRDA did not hand over the land, thereby disallowing the commencement of construction works.
However, sources said that managements of both the firms, as well as the authorities of the AP Economic Development Board (APEDB), which facilitated the MoU, requested the CRDA to allow them to take up the construction works. As the process of finding foreign academic partner is expected to take more time, both the firms requested the CRDA to allow them to begin construction works. But, the CRDA officials issued notices on the grounds that they had failed to commence the construction works as per the agreement.
When contacted by TNIE, CRDA Principal Secretary Ajay Jain said that they had issued notices to the Indo UK Institute of Health and BR Shetty Medicity Health Care and Research Private Limited for failing to start the works. In case they made further delay, we would cancel the land allotment orders, he said.
Stating that there was no wrong either on the part of the CRDA or the managements of BR Shetty group and the Indo UK Groups, an official said that though both the institutes were making sincere efforts to find foreign partners, it was expected to take some more time.