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Last updated: 12 Aug, 2017  

FICCI Logo Summit to promote healthcare services exports from India in Oct

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Saurabh Gupta | 12 Aug, 2017
To help promote healthcare services exports from India, the third edition of 'Advantage Healthcare India' summit will be held Oct 12-14, 2017, in Bengaluru. Thousands of delegates and visitors from over 70 countries will be participating at the event.

The launch of the mega event was officially announced by Rita Teaotia, Secretary, Ministry of Commerce, Sudhanshu Pandey, Joint Secretary with Dept. of Commerce, Ministry of Commerce & Industry; Sangeeta Godbole, Director General, SEPC and Dr. A Didar Singh, Secretary General, FICCI.

Advantage Healthcare India 2017 (www.ahcindia.in), the third international summit on medical value travel (medical tourism) jointly organized by FICCI, Dept. of Commerce, Ministry of Commerce & Industry, Govt. of India, and Service Export Promotion Council (SEPC), will be held at Bengaluru from October 12-14, 2017.

Advantage Healthcare India 2017 is meant to promote India as a premier global healthcare destination and enable streamlined healthcare services exports. Over 70 countries and 600 hosted buyers from Africa, Middle East, Europe, US, UK, and Asia (including SAARC) would participate, with thousands of international and national business visitors.

Speaking on the occasion, Rita Teaotia said, "I am happy to see that many Ayush companies and institutions are also participating in Advantage Healthcare India 2017 this year. I wish that even the finest hospitals also have Ayush facilities. The finest hospitals of India should also provide Ayurvedic treatment."

Dr. A Didar Singh, Secretary General, FICCI, said," Medical value travel can be a USD 9 billion opportunity for India by 2020. To fully exploit this potential, the country needs to diversify its sources of medical tourism and create a strong value proposition for foreign patients by focusing on perimeters like cost effectiveness, alternate medicine, clinical outcomes, tourism friendliness, accreditation, and patient centricity. Advantage Healthcare India 2017 will bring Indian healthcare providers and global healthcare stakeholders under one roof. It will showcase India's medical capabilities and create opportunities for healthcare collaboration between India and other nations to boost healthcare services exports. The last two summits have been a great success, and I look forward to the 2017 event being a great facilitator and enabler of Indian medical tourism."

The medical value travel (MVT) industry has emerged as one of the fastest growing segments of Indian tourism industry. According to a FICCI-IMS report, more than 500,000 foreign patients seek treatment in India each year, making it a key medical tourism destination in Asia.

However, coordinated efforts are required by key stakeholders to turn India into "The Provider to the World" and accelerate MVT growth from the existing 15 percent to 25 percent. The Indian medical tourism industry gets maximum patients for heart surgery, knee transplant, cosmetic surgery and dental care, as the cost of treatment here is considered the lowest in Asia, much lower than Thailand, Indonesia, Singapore and Hong Kong.

Advantage Healthcare India 2017, spread across three days, will have more than 40 speakers, 600 hosted buyers and over 5,000 business visitors. The exhibition will host more than 160 exhibitors to showcase medical services and expertise. Thousands of reverse buyer-seller meetings will offer opportunities for tie-ups with Indian hospitals and healthcare centers for medical tourism.

Advantage Healthcare India 2017 supporting partners include EEPC India and Pharmaceuticals Export Promotion Council of India (Pharmexcil).
 
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