Indian healthcare industry: Way forward (May 2011)

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infocus

Booming Indian healthcare industry
The Indian healthcare sector has emerged as one of the largest service sector industries in India with estimated revenue of US$ 35 billion. The government recognised the significant challenges and potential in the sector and provided priority status to healthcare in the Eleventh Five Year Plan. Further, the sector is expected to witness added growth through a well-defined partnership between the government and the private sector.
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An Interview with Mr Malvinder Mohan Singh, Member of OIFC Governing Council and Group Chairman, Fortis Healthcare
"Healthcare delivery is amongst India's fastest growing sectors, fuelled largely by a huge demand supply gap. It is estimated to be the second highest employer of people, with an estimated expenditure of around US$ 46 billion, comprising just over 4% of India's GDP, and projected to grow at a healthy cumulative average growth rate of between 12-15% pa over the next two decades."
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discussionforum

The healthcare industry in India has emerged as a vibrant and a significant sector with increasing growth in the Indian economy. Meanwhile, the healthcare delivery segment has also witnessed evolutionary changes due to corporatisation and emergence of healthcare conglomerates.

Further, growing demand for logistics and corresponding delivery mechanisms present great opportunities for the new entrants as well as established players in the segment. The growth opportunities and development of healthcare market is making the industry an attractive investment sector.

We invite you to contribute your views and thoughts on this.
Let's discuss.

investmenttrends

India's Private transfer receipts, comprising mainly remittances from Indians working overseas, for the period April-December 2010-11 stood at US$ 41.3 billion, according to the figures released by the Reserve Bank of India (RBI) in May 2011.
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yourquery

Q: Our dental implant company in Canada has developed a dental implant product for retention of a full arch prosthesis (upper or lower denture) and fixed full arch application, as well as the conventional sized dental implants for single or multiple tooth replacement. These implants have been in existence in Europe for a number of years and are manufactured in Italy under our company name. They are ISO 9001, ISO 13485-2003, and CE approved and meet all standards required by the European Community for implantation into patients' mouths. The product has many other innovative features. We want to commence sales within the dental community in India and would like you have your advice about the procedure and requirements for launching in the Indian market.

A: We have some guidelines relating to import of medical devices in India and can help you in this regard. To begin with, you can go through the attached document for relevant information therein.

(Answered by our Premium Knowledge Partner Corporate Professionals India Pvt Ltd.)
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policy&newsupdates

Approval for FDI in Limited Liability Partnership firms
The Cabinet Committee on Economic Affairs has approved the proposal to amend the policy on allowing Foreign Direct Investment (FDI) in Limited Liability Partnership (LLP) firms.
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• PPPAC Approves PPP Projects Worth Rs 7553.83 Crore
• Index of Six Core Industries (Base: 1993-94=100) March 2011
• Inclusion of New Markets from LAC Integral to India's Growth Strategy: Scindia Leads WEF Discussions on Inclusive Growth