Indian Medical Travel: A Priority Sector
The Indian economy’s steady growth rate is also being reflected in the Indian healthcare and medical travel industry. Healthcare and medical health travel are priority areas for India, and the government has increased its budgetary outlay for medical travel and foreign investment. Customs duties on the import of medical equipment have been slashed, and special incentives are being offered for future private healthcare facilities.
Government Plans for Attracting Medical Tourism to India
To promote growth in the Indian medical travel industry, the Indian government has plans to improve health infrastructure. The government is currently in the process of increasing the number of hospitals, clinics, and clinical laboratories in urban as well as rural parts of thecountry. Incentives and tax holidays are being offered to hospitals and dispensaries providing health travel facilities. The Indian medical travel and health care sector offers plenty of opportunities for businessmen, medical equipment manufacturers, healthcare service providers, and tourist agencies, and the government is encouraging them to invest in therapeutic and preventive health services so as to increase medical travel to India. The government has published analytical reports on the available opportunities in the Indian health care industry so corporate houses can make informed decisions regarding the Indian medical tourism sector.
Initiatives of Private Hospitals in Health Travel Projects outside India
Recently, a memorandum of understanding (MoU) was signed between the famous Apollo Hospitals and the American International Medical University (AIMU) for developing medical tourism projects worth $200 Million in the Bahamas and St Lucia. According to the MoU, the Apollo group will develop a super specialty teaching hospital, research, and treatment facilityfor the AIMU group. In addition, Apollo will develop, manage, and monitor the... [continues]
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(2010, 09). Medical Tourism. StudyMode.com. Retrieved 09, 2010, from http://www.studymode.com/essays/Medical-Tourism-394713.html
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