Financial Daily from THE HINDU group of publications
Saturday, Mar 04, 2006


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Industry & Economy - Medical & Surgical Equipments
States - Tamil Nadu


`Local cos can bring down health care costs'

Our Bureau

The price of intra-ocular lenses that were once imported at $75 a piece has now come down to a fraction after local manufacture of the lenses began.

Coimbatore , March 3

There is an imperative need for manufacture of sophisticated medical equipment in the country so as to bring down the cost of medicare, according to Dr P. Namperumalsamy, Vice-Chairman, Aravind Eye Hospitals, Madurai.

Inaugurating MedEquip 2006, a two-day exposition on medical equipment and conference on excellence in hospital management organised by the CII on Friday, he said that since a large percentage of medical equipment was being imported, the cost of treatment remained high.

There is an urgent need to manufacture them within the country and in view of the high manufacturing capability and engineering skill available in India, particularly in Coimbatore, this could be achieved.

For instance, he said, the price of intra-ocular lenses that were once imported at $75 a piece has now come down to a fraction after local manufacture of the lenses began.

With the increase in disposable income, people are willing to pay a premium for quality health care, he added.

Mr B. Santhanam, Chairman of CII, Tamil Nadu said that the private healthcare sector had played a crucial role in attracting patients from the Asian region to India to receive medical treatment since the country provided international quality health care at a very competitive cost.

Ms Nandini Rangaswamy, Chairperson of CII, Coimbatore Zone said that in the last five years, the number of overseas patients visiting India for medical treatment has gone up from 10,000 to one lakh.

Employing over four million, health care has become one of the largest service sectors in the country.

Dr Ramkumar Raghupathy, Convenor of Healthcare Panel, CII, Coimbatore Zone said that hospitals in the Coimbatore region have been in expansion mode in order to cater to the increasing number of patients coming from within and outside the country.

The session was attended by a large number of doctors and healthcare professionals from the region, according to a CII release.

More Stories on : Medical & Surgical Equipments | Tamil Nadu | Health

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
`Bankers must educate SHGs on solar energy'


`Budget lacks focus on expenditure'
`Suit on land outside jurisdiction cannot be entertained'
`GDP growth down in Q3'
Inflation rises on surge in mineral prices
`Tool units should adopt available software'
Flying British MPs may help Indian clean mechanism projects
Bush wants FDI caps to go
CEO forum identifies key areas for Indo-US trade
German team in Kolkata to explore biz ties
Malaysia seeks to boost trade ties via jt venture route
Fourth US consulate to be located in Hyderabad
Task groups to follow up CEO Forum suggestion
US reagents to detect bird flu
Madras HC orders status quo in integrated township case
Petroleum regulatory board Bill passed
Govt offers 10 CBM blocks in third round
Deora to meet Finance Minister on oil issues
Mumbai High restoration by June
ONGC may not sell IOC stake
National Load Dispatch Centre planned at Delhi, Kolkata
AES plans 1,000-MW unit in Chhattisgarh
`No public participation in power sector'
TN chapter of energy society
Steel cos parking cash with banks
VAT compensation may not fully meet revenue shortfall
Govt says no to extend service tax payment date
`MAT hike to affect foreign cos too'
Plan to bring co-op banks under I-T net opposed
Kerala: Water levels decline in major reservoirs
Coal blocks identification to be taken up soon
`Corporate life akin to entering wedlock'
UB, Scottish & Newcastle to launch new brands
Talent search
`Local cos can bring down health care costs'
HI-REF buys 33 pc stake in Ansal IT
Brigade Group announces Rs 3,000-cr investment
Global meet on biotech from March 9
Corrugated box makers' plea
`India on path for sustained growth'
NPC mission on holistic rural development — Productivity, IT to serve as enablers
New breed of consultants
Tax experts, CAs flay new clauses
Draft rules on taxable services
Global market's weakness hits oilmeals price
Sakthi Sugars aiming to export 1.5 lakh tonnes
`Visit Malaysia' campaign



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line