Industry & Economy
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Medical Institutions & Hospitals
‘Set up fund for healthcare upgradation’
Our Bureau
Hyderabad, March 6 India will need to invest up to Rs 2 lakh crore every year for the next 20 years to reach at least half way the current figures for China and Brazil in terms of number of beds for healthcare services.
A CII roundtable conference on ‘Transforming Indian Healthcare-Agenda for Action’ felt that the country averaged 0.7 beds for every 1,000 people against 2.1 beds in China.
Delivering the concept lecture, Dr Prathap C. Reddy, Chairman of CII’s National Healthcare Council, said the country had about six lakh beds.
Stating that a huge effort to develop physical infrastructure is needed, he said the healthcare industry needed financial support at lower interest rates. He called for creation of a healthcare upgradation and new investment fund on the lines of the fund to set up for textiles with an initial corpus of Rs 50,000 crore.
He felt that the five-year tax holiday announced in the Budget for hospital projects coming up in tier-I and II cities should be extended to all hospitals that offer 100 beds or more. “This should be offered irrespective of location for a period of 10 years from the date of commencement of the project,” said Dr Reddy, Chairman of Apollo Group of Hospitals.
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