GIBF E Magazine AUG-SEPT-2019 GIBF The Business Tycoons Magazine Aug-Sept | Page 37

TOP HEALTHCARE COMPANIES IN INDIA
Apollo Hospitals Enterprise Limited
Apollo Hospitals Enterprise Limited is a healthcare
provider. The company is engaged in offering healthcare
services and operating standalone pharmacies. The
company's segments include healthcare, pharmacy and
others.
Thyrocare Technologies Limited
Thyrocare Technologies Limited is an India-based
healthcare service provider. The company operates with a
centralized processing laboratory (CPL) in Mumbai, India
for esoteric tests, and regional processing laboratory in
metro cities of India and other parts of Asia.
Fortis Healthcare Limited
Fortis Healthcare Limited is an integrated healthcare
delivery service provider. The company is engaged in
establishing, maintaining, operating, running, managing
or administering hospitals, medicare, healthcare,
diagnostic, health aids and research centers.
INVESTMENTS IN THE INDIAN HEALTHCARE INDUSTRY
The hospital and diagnostic centers attracted Foreign Direct
Investment (FDI) worth US$ 6.09 billion between April 2000 and
March 2019, according to data released by the Department of
Industrial Policy and Promotion (DIPP). Some of the recent
investments in the Indian healthcare industry are as follows:
Healthcare sector in India witnessed 23 deals worth US$ 679
million in H12018.
India and Cuba have signed a Memorandum of Understanding
(MoU) to increase cooperation in the areas of health and
medicine, according to Ministry of Health and Family Welfare,
Government of India.
Fortis Healthcare has approved the de-merger of its hospital
business with Manipal Hospital Enterprises. TPG and Dr. Ranjan
Pal could invest Rs. 3,900 crore (US$ 602.41 million) in Manipal
Hospital Enterprise.
GOVERNMENT INITIATIVES
Some of the major initiatives taken by the Government of India to promote Indian healthcare industry are as follows:
On 23 September 2017 , Government of India launched Pradhan Mantri Jan Arogya Yojana (PMJAY), to provide health insurance worth
Rs 500,000 (US$ 7,124.54) to over 100 million families every year.
In August, the Government of India has approved Ayushman Bharat-National Health Protection Mission as a centrally Sponsored
Scheme contributed by both center and state government at a ratio of 60:40 for all States, 90:10 for hilly North Eastern States and 60:40
for Union Territories with legislature. The center will contribute 100 per cent for Union Territories without legislature.
The Government of India has launched Mission Indradhanush with the aim of improving coverage of immunisation in the country. It
aims to achieve atleast 90 per cent immunisation coverage by December 2017 which will cover unvaccinated and partially vaccinated
children in rural and urban areas of India.