The Hindu Business Line : Exim Bank study on healthcare, medical tourism under way

Exim Bank of India is studying the healthcare/medical tourism industry to ascertain the funding opportunities in the business and derive a model for lending, according to sources in the bank.

As part of the study, which is expected to result in a report on healthcare and medical tourism, the bank has been holding seminars in many cities, to collect the views of various stakeholders in the industry. "The idea is to understand the risks in the business, so that we are in a position to evaluate a loan application," Dr Vinayshil Gautam, Director, Exim Bank, told Business Line recently.

The study began about three months ago and "we hope to bring out a report by next summer," he said.

Mr K. Muthukumaran, Chief General Manager, Exim Bank, said the bank had been able to "sight opportunities very early on" in the IT and bio-tech sectors.

The bank had funded today's leading companies such as TCS, Infosys, Wipro, Satyam and Biocon in their early days. The bank was looking at similar opportunities in healthcare, he said.

The report would throw light on the "defining characteristics" of the business and act as a sort of an advisory to the bank while lending, Dr Gautam said.

Noting that Exim Bank's mandate was to promote Indian "products, projects and expertise" abroad, he said, "we are trying to see how medical tourism fits in".

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