Financial Daily from THE HINDU group of publications
Thursday, Oct 14, 2004
Financial Daily from THE HINDU group of publications Thursday, Oct 14, 2004 |
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Corporate
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Outlook Elekta's Indian arm hopes to double turnover Jayanta Mallick
Kolkata , Oct. 13 THE $-400 million Swedish medical equipment company Elekta is zeroing in on India, Bangladesh and Sri Lanka for marketing its modern radiotherapy and radio surgery units. Mr Percy Shroff, Managing Director of Elekta Instrument (India) Pvt Ltd, told Business Line here recently that the radiotherapy technology had undergone a sea change in the last couple of decades. The nations in the subcontinent needed to catch up with the latest to provide safer and precise radiation therapy and radio surgery. The Rs 30-crore Elekta's Indian arm hopes to double its turnover this fiscal. Going by the order book trend, an exponential growth in equipment sales could be in the region of 100 per cent in the next few years, the official suggested. "According our estimates, for example, India alone would need roughly 500 linear accelerators as the country's health care system phases out 250 odd cobalt units. It is recorded that India loses some 60 lakh lives every year due to cancer. "Further, conservative estimates suggest that each year more than a crore fresh cases of cancer are reported in the country", Mr Shroff observed. According to him, India is just beginning to make investments in the technology-driven therapies, but in the near future acceleration in investments would take as the private sector increasingly moved in the healthcare sector. Interestingly, the company has taken up a "customisation" of radiation dose protocol project for the subcontinent at Amrita Institute of Medical Science at Kochi. "The project entails modification of beam (x-ray) quality and intensity from intensity modulated radio therapy units suitable for the people of the continent", Mr Somnath Ray, National Manager for Elekta's product division.
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