By giving a revenue share of 3.7%, the Mangaluru-based Srinivas Institute of Medical Sciences and Research Centre has won the contract to develop a 150-bed multi-speciality hospital on port land and to administer and maintain the current 32-bed hospital maintained by the Union government-owned New Mangalore Port Authority. The agreement grants Srinivas Institute of Medical Sciences and Research Centre the sole right and license to build, run, and maintain a 150-bed multispecialty hospital on three acres of port land under a public-private partnership (PPP) for sixty years, as well as to operate and maintain the current 32-bed hospital for two years. The hospital will offer medical care to non-New Mangalore Port Authority patients living in the port's surrounding communities, as well as port workers, Central Industrial Security Force (CISF) retirees, and their relatives. Patients (New Mangalore Port Authority beneficiaries) can get OPD and diagnostic treatments at the 32-bed facility owned by the New Mangalore Port Authority. The private investor will be given operational control of the current hospital, which occupies 1.3 acres. Following the opening of the new multispecialty hospital, it will be given back to the port authorities. Many medical services not provided by the current port hospital will be provided by the proposed 150-bed multispecialty hospital. A Shama founded the Srinivas Institute of Medical Sciences and Research Centre. The project aims to rationalise the yearly medical costs associated with treating port personnel. In addition, it will contribute to the employment of specialists, physicians, chemists, nurses, and other paramedical professionals by offering healthcare to the local people living in a 5-kilometre radius around Panambur, Baikampady, Kulai, and Surathkal, among other places. The hospitals that the Union government operates for its employees in PPP mode have begun to be privatised by the 12 ports that it owns. The Jawaharlal Nehru Port Authority and the Mumbai Port Authority were the next to put the idea into action.