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India-Japan partnership group led by Sanjeev Sinha holds 'India-Japan Healthcare Forum'

ANI  |  Tokyo [Japan] 

Sanjeev Sinha, of Partnership Fund and Group led a series of bilateral interactions on in Tokyo, including multiple focused meetings and a roundtable during July and August 2018.

Opening the forum Sinha pointed out the strong appetite for funding and from to in the domain. He emphasized on the Japanese government's support on the matter, referring to his discussions with Japanese and other ministries and government agencies for collaboration with

Sinha outlined the challenges and the solutions as evidenced in his interactions with the wide-ranging stakeholders in many on-going efforts from to build hospitals overseas. He advocated a holistic approach of funding the premium quality Japanese technology in by the abundant low-cost Japanese capital for enhanced overall feasibility, as undertaken by India-Japan Partnership Fund, he noted.

Sinha elaborated on the sophisticated funding models involving equipment leases, services outsourcing, REITs, SPVs, combining private equity and debt, for compliance in the field. Sinha also pointed out the need for high-quality logistics, diagnostics, medical IT, skill development and even the hospital architecture to efficiently deploy Japanese technology as a package, a model on which various entities within India-are working on. This complements very well with India's fast-growing demand for high-quality healthcare and insufficient supply as yet, Sinha continued.

Sinha recalled the participation from of Dr. Reddy's on the IIT Alumni Conference in 2007 and interaction with Dr. of Cadila, which significantly contributed to fast-growing presence of Indian pharma companies in the very lucrative Japanese medicine market.

Sinha also recalled the request from Japanese Science and Technology agency for other measures for cost reduction in the predominant innovation drug sector, including direct CRO for clinical trials in India, unlike hitherto route via the USA, and the subsequent role of and other leading companies of India in the process.

The forum held in Marunouchi was also attended by former of Japan to India and of and Toshiba, a leading medical equipment manufacturer, who shared his experiences from and affair.

Kikuchi Yukihiko, of Sun and Sands Innovation, former MD of and UBS Japan, shared his experiences of managing a hospital in Japan. This was followed by Komiya Yuji, of and former of

The Forum was well attended by presidents and executives of and investors and academicians including professors of Medicinal Chemistry and from and Universities. Leading figures from the Indian also joined and shared their views in an interactive roundtable format. Sunil Rajput, President of IJPG Kashi, working on from Japan to India, among other domains, made the closing remarks.

Sinha shared that India-is at an advanced stage of discussion for building hospitals in India with Japanese collaboration and also helping Indian Medical AI companies with market and funding in Japan.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, August 30 2018. 17:00 IST