Taking the total investment in India to Rs. 19,200 crore, the Indo-UK Institute of Health today said that it will pump in Rs. 1,600 crore for setting up a medicity with a 1,000-bedded hospital in Assam. For this, the Indo-UK Institute of Health will be signing a Memorandum of Understanding (MoU) with the Assam govt during the two-day Global Investors’ Summit 2018, which will begin tomorrow.
Managing director and Group CEO Ajay Rajan Gupta said that the IUIH with this MoU has expanded its presence to the 12th state in India. He also informed that each medicity will be developed with an investment outlay of Rs. 1,600 crore.
He also added that in association with the UK’s leading NHS hospital, the medicity will have a 1,000 bedded hospital and up to 20 percent of the total patients will be given free treatment at the IUIH facilities.
The IUIH medicity to be set up in Assam will have a medical college, nursing college, PG academy and a training facility for allied health professionals as well as have a separate zone for medical equipment and device manufacturing and pharmaceutical production. Cutting edge medical research shall be carried out at the IUIH medicities in areas as diverse as genomics and stem cells, translation research and clinical research leveraging on the patient data available.
Gupta also said that the objective of the IUIH was to make every of its medicity a medical tourism hub to attract the patient traffic from across the globe.
‘The objective is to make every IUIH medicity a medical tourism hub and attract the patient traffic from across the globe. NHS standard health care at lower prices points is our winning formula to tap the medical tourism business potential,’ Gupta said.
Also, he informed that the IUIH has tied up with leading implant companies like Stryker, Medtronic, Zimmer Biomet, Johnson and Johnson along with leading medical equipment firms such as Toshiba, GE Healthcare, Philips and Canon.
In accordance with the Indian PM’s ‘Make in India’ programme, many of them will start their manufacturing operations in IUIH medicities, therefore, bringing the health care costs further down for patients in the country, he said.
‘We are also relying heavily on technology and have tied up with IBM for big data analytics. Our e-health and m-health platforms will facilitate the exchange of patients medical records electronically using telemedicine, teleradiology and telepathology for diagnostics, he added.
‘Our partnership with Google and other technology service providers will enable delivery of these advanced services. Its all about covering the last mile and taking health care services down to patient’s doorstep,’ Gupta said.
The IUIH medicity programme was announced as a joint statement between the Indian PM Narendra Madi and the former UK PM David Cameron in 2015.
Maharashtra, Telangana, Andhra Pradesh, Punjab, Gujarat, Rajasthan, Karnataka, Uttar Pradesh, West Bengal, Madhya Pradesh and Haryana, besides Assam are the other 11 states to benefit from the IUIH programme.
(News Source- Outlook India)