Healthcare Attracts Investors

In the run-up to the Make in Odisha Conclave 2018 (MIO 2018), the Government of Odisha organized an Investment Road Show focused on attracting private investments in the State’s  Healthcare Sector.

The Road Show was conducted here in association with industries partner Federation of Indian Chambers of Commerce and Industry (FICCI) this afternoon.

The Show saw an encouraging response from investors with leading healthcare operators, OEMs & diagnostic chains attending it. These include Fortis, Narayan Hrudalaya, Medica Synergies, GE, Philips, SRL Diagnostics, Lal Pathlabs Ltd. among others.

Speaking at the Investment Show, Pratap Jena, Minister for Health & Family Welfare said, the State Government is committed to creating an investment environment where public and private sector players can play a pivotal role in the growth of the healthcare sector in the identified priority districts of the State.

Pradeep Jena, Principal Secretary (PPP & PM), Department of Planning & Convergence, Health and Family Welfare Secretary Pramod Kumar Meherda and Archana Patnaik, Managing Director, Odisha State Medical Corporation were present.

Minister said that the Government understands the challenges faced by the private sector and assures investors unmatched facilitation support to set up hospitals in Public Private Partnership (PPP) mode by means of providing unencumbered land at competitive prices and viability gap funding during the crucial initial years of operations in addition to the multiple other benefits in the State’s Healthcare Investment Promotion Policy 2016.

Odisha provides tremendous untapped opportunities for private investments in healthcare. The 25 affordable hospitals proposed to be set up by the Government of Odisha collectively entail investments to the tune of Rs. 1,300 crores which would, in turn, create 2,900 new hospital beds.

This will be the single largest PPP initiative in the health sector in India and will create a model for increased expansion of healthcare into the smaller towns of India in the next few years. This is likely to create over 10,000 new high-paying and highly-skilled jobs in the health sector of Odisha.”

The affordable hospitals will allow the low-income households in the state’s hinterland to avail cashless treatment nearer to their homes, without the need to travel long distances under the Biju Swasthya Kalyan Yojana (BSKY).

The other key proposal that was showcased to investors was the operations and maintenance support for the proposed cancer hospital at Jharsuguda on PPP mode.

This has been envisioned to provide quality cancer care services to 83 lakh people across the western Odisha districts.

While the Government of Odisha will design, finance and build the infrastructure and also procure the medical equipment, the private partner will have the responsibility of operating, maintaining and managing the hospital to provide seamless healthcare services to the people.

The key national players in the healthcare sector operating in Odisha include Apollo Hospitals, CARE Hospitals, AMRI Hospitals, LV Prasad Eye Institute, Sunshine Hospitals among others. 

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