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Even as a lack of clarity in regulations is preventing Indian medical device manufacturers from making their presence felt in the USD 2 billion domestic medical equipment market, foreign players, mostly from the United States, are increasingly finding the country a preferred destination.
The firms plan on using advanced technologies to find cheaper ways to discover blockages in the heart, tumours
A leading private hospital group here has tied up with a premier Indian healthcare provider to facilitate state-of-the-art medical services in the Island nation.
Intel Technology India Pvt Ltd in collaboration with other Intel World Ahead Program Alliance members and the Government of India, have announced a number of initiatives to help transform healthcare and education in the old city of Chandini Chowk, in the country
In a decision likely to benefit Indian doctors settled abroad wanting to return to their motherland, the government proposes to recognise the medical degrees of other countries, including the United States and United Kingdom.
The Quality Council of India is seeking help from corporates for elevating quality standards in hospitals. It is planning to ask corporate houses to make quality certification mandatory before empanelling hospitals for providing medical benefits to their respective employees.
Life Insurance Corporation of India has got the Insurance Regulatory and Development Authority
US-based Polycom Inc, which provides a range of communications equipment enabling enterprise users to conduct video, voice, data and web communications, is focussing on South India for growth with the company witnessing demand for its products from state governments, tele-medicine and tele-education projects.
Chennai based medical technology company Trivitron Medical Systems, which recently offloaded an unspecified minority stake to HSBC Private Equity and venture capital firm ePlanet Ventures for USD 11 million, is planning to expand in a big way with a medical technology park, and acquiring domestic firms with a view to modernising them.
In an effort to control the quality of medicinal products, the government has brought out the Indian Pharmacopoeia, 2007, which lays down the standards for drugs produced or marketed in India.
Nobel Laureate, Amartya Sen, delivering a public on lecture
A pharma packaging company Bilcare Research of Pune has launched a product to help check the menace of counterfeit drugs. The product has a label with a unique bar code made out of nanotechnology and fingerprinting.
Private equity firms have reportedly shown interest picking up stake in Bengal Faith Health Care, the Special Purpose Vehicle (SPV) formed to set up the Bardhaman Health City, a INR 1,000 crore PPP (public-private partnership project) to come up on a 60-acre plot near Durgapur Expressway(NH-42).
