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Government Committed to Providing Quality Healthcare Within the Country and Outside, Through Promoting Healthcare Services Sector, Says Suresh Prabhu

Press Trust of India  |  GREATER NOIDA 

/ -- Mr. Suresh Prabhu, Minister of Commerce and Industry, Government of India, today said that government is committed to providing quality care within the country and outside through promoting the service sector. Speaking via at the 'Advantage Care - 2018' (4th International Summit on Medical Value Travel) organised by FICCI jointly with the Department of Commerce, Ministry of Commerce & Industry, Government of India, Mr Prabhu said, "We have set aside almost Rs. 5,000 Cr or approximately 700 million dollars for enhancing the overall services sector including "

Mr Sudhanshu Pandey, Additional Secretary, Ministry of Commerce and Industry, Government of India, said that it is extremely important that the facilities are affordable as only then more and more people can access quality "Our efforts in have been to reduce the cost of healthcare services, while we take our journey towards universal coverage, we try to offer and share our resources with the global citizens," he added.

He further said that itself carries a very large burden and is trying to come up with programs and policies, latest one being Ayushman Bharat Scheme, where efforts have been made to extend a to the Indian citizens numbering over 500 million so that they can have access to better care facilities.

Ms. Sangita Reddy, Vice President, FICCI & said, "India is unparalleled in delivering quality medical care at one tenth of the global cost, and aims to transform this sector so that India becomes an epicenter of " She further added that we will continue to work on better facilities, translation, food, and outstanding for our foreign patients. Our doors are open, our hearts are open, and our facilities are on par with the best.

Dr. Devlina Chakravarty, & MD, said that India has more than 1,600 NABH accredited facilities, & 32 JCI accredited hospitals. "Cost is not the only differentiator for India when it comes to medical value travel, we're also known for our talent," she added.

On the occasion 'FICCI-EY Knowledge Paper on in India' was also released by FICCI in association with

The dignitaries at the two-day conference and exhibition included Mr. Dilip Chenoy, Secretary General, FICCI; Dr. Shohani Ramzi, Head International Relation, Health Ministry of Iraq; Mr. Suranjan Gupta, Executive Director, EEPC India; Dr. Harish Pillai, Co-Chair - FICCI MVT Committee & & Clinics, India at

Care India - 2018 aims to present India as the most for patients from across the globe. The idea behind the summit is to provide an opportunity for India to showcase its immense pool of medical capabilities as well as help develop opportunities for between the participating countries. Visitors and delegates from over 71 countries are participating in the Summit.

'FICCI-EY Knowledge Paper on in India': Key takeaways of the report:

1. accounts for 58% share of burden, while stands at 24%, indicating the burden stress to be highly prominent in the Asian region

2. The burden comes from which accounts for 14-15% of the total. This is followed by cancers, mental and neurological disorders, new born complications and other NCDs. and other also account for 10%

3. MVT is a burgeoning multi-billion dollar industry and likely to grow higher due to many bene?ts o?ered to patients

4. 95% of the medical travelers from prefer travelling to for medical treatments. A high-quality treatment at coupled with the possibility to travel to exotic places made the preferred region for foreign medical travelers

5. India, Malaysia, and are the most preferred countries for medical treatments globally due to advanced and

6. Countries like Costa Rica, Mexico, and are expanding their services faster thus attracting patients from and The UAE is also developing itself as MVT hub by promoting developments in Huge amounts of investment have been made in by the government, as it envisages itself as the medical hub in coming years

7. The lowest spending by the government has been observed in countries like and indicating Thus, the in source countries and higher prices of healthcare in developed economies like U.S. and Canada, become the high potential region where India can focus for the development of MVT.

About (FICCI):

A non-government, not-for-profit organisation, FICCI is the voice of India's business and industry. From influencing policy to encouraging debate, engaging with policy makers and civil society, FICCI articulates the views and concerns of industry. It serves its members from the Indian private and public corporate sectors and multinational companies, drawing its strength from diverse regional chambers of commerce and industry across states, reaching out to over 2,50,000 companies. Further information is available at:

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

First Published: Wed, December 05 2018. 15:00 IST