EV part of Smart Group’s Conscious Capitalism

Singapore-based NRI Bhupendra Kumar Modi is implementing US$2 billion worth of projects in India, focusing on green initiatives such as electric vehicles (EVs) and healthcare centre.

“We are doing Conscious Capitalism (that is to) do business which is good for the society,” said Modi, now a Singapore citizen with global business network.

Modi’s Smart Group has spread out US$1 billion each for a MODICITI, a yoga centre and a Solar City, which are being developed in phases over the next three to five years.

“Ultimately, it is health area. We feel that one of the biggest problem for health is the pollution part,” said Dr Modi in a recent interview with Singapore media.

He underlined his group’s focus on a hospital-healthcare-healthy living and the EVs in India.

These developments are follow up to Modi’s initiatives which began out of Singapore in 2013 including the prototype of EV.

The MODICITI at Delhi’s Saket estate will have a 1,400-bed hospital as well as research centre and a stem cell laboratory. Currently, a 300-bed hospital is already in operation.

The MODICITI is based on the Singapore’s Health City Novena.

The group is also investing in a Yoga City at Rishikesh, the yoga capital in the Himalayas.

“We are building a centre there as a base for yoga worldwide,” he said, adding that Yoga exercises will have to be adopted to suit various age groups.

In Singapore, the group has developed a proto-type EV which will eventually be made at the group’s Solar City, land for which has been earmarked between Lucknow and Delhi.

An agreement was signed with the Uttar Pradesh State government at the UP Investors Summit held in February 2018, he said.

Investment in the solar city will be increased as EVs production is ramped up, parts for which will be sourced from the Indian auto industries. fii-news.com