Healthcare Global to set up 12 new hospitals in 18 months

Source: The Economic Times, Aug 23, 2017

NEW DELHI: Healthcare Global Enterprises (HCG), a Bengaluru-based chain of specialised cancer care centres, plans to set up a dozen new hospitals over the next 18 months, the publicly traded company’s chairman, BS Ajai Kumar, said.

HCG plans to expand its network of cancer care centres to about 30 from 21 now, and will add a few more IVF clinics to its existing network, Kumar told ET.

HCG has a partnership with Kamini Rao, a leading medical practitioner in the field of assisted reproduction, to run IVF clinics under the brand name ‘Milann’. Read the rest of this entry »

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Govt plans bulk drugs parks, import curbs to boost manufacturing in India

Source: LiveMint.com, Aug 21, 2017

New Delhi: In a bid to revive India’s active pharmaceutical ingredient (API) and bulk drug market, the government is contemplating restrictions on the import of APIs and has suggested setting up of mega bulk drug parks, a move that is expected to boost domestic production.

In the draft pharmaceutical policy framed by the department of pharmaceuticals under the ministry of chemicals and fertilizers, the centre has proposed “peak customs duty” for all APIs that can be indigenously manufactured.

Bulk drugs or APIs are the active raw materials used in a drug that give it the therapeutic effect. “All APIs which can be indigenously manufactured should be imported at peak customs duty,” said the draft policy, reviewed by Mint.

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Columbia Asia to invest Rs 400 crore on 2 new hospitals in India

download (2).pngSource: Financial Express, June 28, 2017

New Delhi: International healthcare firm Columbia Asia will invest over Rs 400 crore to set up two new hospitals in India by the end of 2019 as it looks to expand presence in the country. The chain currently has 11 multi-speciality hospitals in India with over 1,000 beds in cities such as Bengaluru, Kolkata, Ahmedabad, Mysuru, Gurugram, Ghaziabad, Patiala, and Pune. “We are planning to open two hospitals in the country by the end of 2019. The investment on this will be over Rs 400 crore”, Columbia Asia India Chairman, CEO and GMD Nandakumar Jairam told PTI. The new hospitals will be located in Bengaluru and Pune, he added. “With the opening of

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Norms eased for makers of biologic products

Source: The Economic Times, Dec 17, 2016

NEW DELHI: India’s drug regulator has eased licencing norms for vaccine and recombinant-DNA manufacturers in a move expected to promote research and development of new drugs in the country.

The Central Drugs Standard Control Organisation (CDSCO) has done away with the need for joint inspections to issue licences to allow such companies to make biologic products for testing and analysis purposes. The regulator has also clarified that these biologics can also be exported only for the purpose of examination, test or analysis and not for commercial purposes in a circular dated December 13.

According to CDSCO’s latest decision, State Licencing Authorities will issue ‘Form 29’ licences to vaccine and r-DNA makers within three working days of them submitting their application. The joint inspection of these applicants will now be carried out using a risk-based approach only after the licence is issued.

Form 29 licences are issued to allow companies to manufacture biological products for examination, testing or analytical purposes.

Medical tourism earnings to enter growth figures

index.jpgSource: The Economic Times, Dec 05, 2016

NEW DELHI: The government will estimate for the first the income it earns from medical tourism and include it to calculate India’s growth figure, a move aimed at making the country’s services data and growth numbers comprehensive.

The data will also be used for improving policy for the sector. The government is seeking details of the number of people who come from other countries for treatment, main countries from where they come and the kind of medical treatment they undergo. As part of the survey, data is being collected on services being provided to foreigners or non-resident Indians (exports), services being availed from overseas hospitals (imports), temporary overseas movement of personnel, clinical consultations, telemedicine and, services of doctors, nurses and midwives in foreign countries.

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Medical tourism earnings to enter growth figures

index.jpgSource: The Economic Times, Dec 05, 2016

NEW DELHI: The government will estimate for the first the income it earns from medical tourism and include it to calculate India’s growth figure, a move aimed at making the country’s services data and growth numbers comprehensive.

The data will also be used for improving policy for the sector. The government is seeking details of the number of people who come from other countries for treatment, main countries from where they come and the kind of medical treatment they undergo. As part of the survey, data is being collected on services being provided to foreigners or non-resident Indians (exports), services being availed from overseas hospitals (imports), temporary overseas movement of personnel, clinical consultations, telemedicine and, services of doctors, nurses and midwives in foreign countries.

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Corporate hospitals see big jump in patients from abroad

Source: The Hindu Business Line, Oct 16, 2016

Hyderabad: Corporate hospitals in India are increasingly attracting foreign patients for treatment which is boosting the country’s image as a hub of medical tourism.According to data available with industry experts, number of patients from abroad visiting India for treatment has been growing by 23 to 25 per cent per annum.

“Data from eight hospitals of Apollo Group which are entitled to treat foreign patients and informal data we collate from other players show this kind of surge in number of visits to India for treatment,’’ Radhe Mohan, Vice President – International Marketing Apollo Health City told Business Line.

Apollo group alone treated 1.50 lakh foreign patients in the last financial year ended March, 2016 and is expecting a 25 per cent growth in this number this year, Mohan said.

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