Bengaluru : Minister Sudhakar invites investors to set up healthcare services in State

Dr K. Sudhakar, Minister for Health & Family Welfare

Dr K. Sudhakar, Minister for Health & Family Welfare


Bengaluru : "With the right kind of investments from public and private entities, the healthcare market can increase three-folds to Rs 9 trillion by...

Bengaluru : "With the right kind of investments from public and private entities, the healthcare market can increase three-folds to Rs 9 trillion by 2022," said Dr K. Sudhakar, Minister for Health & Family Welfare

In his keynote address at the first pre-event of TechBharat 2021 hosted jointly by Laghu Udyog Bharati and IMS Foundation, Government of India and Karnataka on Saturday, Mr Sudhakar said that in the last two decades healthcare witnessed substantial technological advancements bringing good healthcare to masses.

"Be it remote health monitoring tools, fitness wearables, medical robotics, electronic health record, 3D printing, telemedicine, medical kiosks, artificial intelligence (AI) and machine learning (ML) enabled genome sequencing, augmented reality (AR) and virtual reality (VR) for remote patient care and reliable treatment, internet of medical things (IoMT), cloud based platforms for healthcare have helped our healthcare systems cope with present and future demands. Further, for entrepreneurs in the field of healthcare, these technological advancements have created umpteen opportunities."

He called upon investors to set up high-end healthcare services in Karnataka and assured full government support to such enterprises.

"Again, skilling or developing healthcare resources is the biggest challenge as well as an opportunity worldwide. In addition, promoting strategic partnerships amongst pharmaceutical establishments and framing Proper regulations and monitoring of compliance across pharma industries, etc. are all business opportunities waiting in the wings to be grabbed by investors," Sudhakar added.

Gaurav Gupta, Principal Secretary, echoing the sentiments of the minister said: "Karnataka has been attracting global audience with its integrated and strategic growth plans that offer immense investment potential, apart from Healthcare and education, across its varied sectors vis-à-vis IT/BT, Pharmaceuticals, Agri business and Food processing, Energy and Infrastructure along with medical tourism."

He further said "Being in the Government we are aware that Governments play a crucial role in improving ranking of ease with which business is conducted. On this front over the last few years, the Ease of Doing Parameters has been considerably reduced. State government has also started integrated services for the project approvals of the line departments related to Industrial Investments, which provides online filing of application, processing, status verification and also provision of downloading of final certificate/clearances. The system also provides third party verification of the certificates and clearances issued."

TechBharat 2021 is a Virtual Exhibition and Conference saw big ticket industry veterans in Education and Healthcare sectors deliberating on topics like Technology to Elementary Education, Higher Education- Research, Collaboration & Compliance, Digital Transformation in Education Management, Education in India after NEP 2020, Funding Education & Edupreneurs Technology to Healthcare, Healthcare - Innovation, Research & Regulatory Compliance NextGen Healthcare - Digital Transformation , Healthcare & Medical Education in India after NHP 2015 and Support to Start-ups in Healthcare Technology over 12 hours.

This edition's focus of TechBharat 2021 was on the stakeholders of Edutech and healthtech sectors. TechBharat 2021 brought together several exhibitors and delegates from corporate and academia to essentially deliberate on inclusive, involved and invested mode of government economic ecosystem.

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