Healthcare
HFDI Policy
100 percent is permitted for all health related services under the automatic route
Investment Opportunities
- Health Insurance
- Medical Tourism
- Hospital Management
- Curative and Preventive Services
- Infrastructure Facilities like Hospitals and Diagnostic Centre
- Training Manpower (doctors, nurses, technicians)
Medical Tourism
- Medical Tourism in India is a budding concept whereby people from all over the world can visit the country for their medicinal and relaxation requirements. The reason for India being a favorable destination is because of its excellent health infrastructure and technology. Most common treatments are heart surgery, organ transplants, eye surgery, knee transplant, cosmetic surgery and dental care.
- India is also catching up as a popular medical tourism destination for its low-cost but world-class medical treatment. For example, according to a news in Financial times (in April) Madras Medical Mission, a Chennai- based hospital, successfully conducted a complex heart operation on an 87-year-old American patient at a reported cost of $8,000 (€7,000, £4,850) including the cost of his airfare and a month's stay in hospital. The patient claimed that a less complex operation in America had earlier cost him $40,000.
- The Indian healthcare market according to industry sources is reporting to be growing at over 30% annually. A recent McKinsey study on healthcare says medical tourism alone can contribute Rs. 5,000 - Rs. 10,000 crore (Rs. 50-100 billion) additional revenue for up market tertiary hospitals by 2012, and will account for 3-5% of the total healthcare delivery market.
- The Ministry of Tourism has taken several initiatives, in partnership with the private sector, to promote India as a destination for medical tourism to foreign tourists and make it a global health destination. The Ministry is also considering setting up of a National Accreditation Board for Hospitals.
- Measures for rationalizing the flow of tourist traffic have already been taken. Government has decided that there should be a fast track clearance for the medical patients at the airport.
