Economy

Govt to India Inc: Look at investing in senior-care

New Delhi | Updated on November 01, 2018 Published on November 01, 2018

The government on Tuesday urged corporates to explore investments opportunities in the senior care sector.

“Corporate leaders across all sectors should explore investment opportunities in the emerging field of senior care,” said Anupriya Patel, Minister of State, Health and Family Welfare, during a senior care event organised by the CII.

According to the India Ageing Report-2017 by United Nations Population’s Fund, India’s elderly population (above 60 years) will reach 300 million in 2050 making up 20 per cent of the population.

GST relief sought

“Through the conference we are also trying to demand from the government Goods and Services Tax relief on both construction and maintenance services for senior living,” said Ankur Gupta, Joint Managing Director, Ashiana Housing.

If the private industry in India creates some form of medicare, can it expect some benefits from the government, he asked.

Published on November 01, 2018
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