ICICI Bank Invests ₹550 Crore in New Cancer Treatment Facility in Visakhapatnam, ET HealthWorld

Visakhapatnam: ICICI Bank, in collaboration with Tata Memorial Centre (TMC), on Thursday announced commencement of the construction of a new building at the Homi Bhabha Cancer Hospital and Research Centre (HBCHRC), Visakhapatnam.

With a commitment of over Rs 550 crore, the bank is funding the construction of a state-of-the-art facility spanning nearly 3.9 lakh square feet, equipped with cutting-edge medical technology.

Once operational, the eight-storied new building – ICICI Foundation Block for Child and Blood Cancer – will serve 3,000 patients annually. Currently, HBCHRC, Visakhapatnam, has a capacity of handling 6,200 patients annually. Designed as one of the largest specialised cancer facilities in eastern India, the new building will house over 215 beds.

It is expected to be completed by 2027, subject to necessary approvals. ICICI foundation for inclusive growth, the CSR arm of ICICI Bank, will oversee its implementation.

The foundation stone was unveiled by Pradeep Kumar Sinha, chairman, ICICI Bank, in the presence of Sandeep Batra, executive director, ICICI Bank, and Dr. Sudeep Gupta, director, Tata Memorial Centre, Mumbai. Sinha also inaugurated the NK Rao auditorium in the presence of other dignitaries. ICICI foundation has supported TMC with infrastructure and equipment for the new auditorium.

Speaking at the event, Pradeep Kumar Sinha said, “This project reflects our commitment to enabling accessible and high-quality medical care for individuals in need. This project, one of the largest in eastern corridor for child and blood cancer, will serve patients from Andhra Pradesh and nearby eastern states, helping address the growing need for cancer treatment.”