The Federation of Indian Chambers of Commerce and Industry (FICCI), in partnership with UK Trade and Investment (UKTI), will organize a two-day Global Health Conference on "Promoting Partnerships" from January 15, in New Delhi.
Deputy chairman of the planning commission, Montek singh Ahluwalia will inaugurate the conference in which former CEO of GlaxoSmithKline, Richard Sykes, Rector of Imperial College, UK, would deliver the keynote address.
The meet would bring together corporate leaders from healthcare and associated industries and policy makers from India, UK and South Asian countries to discuss on the emerging strategies, opportunities and challenges in the sector. The conference is expected to come out with a road-map for mutual cooperation and collaboration.
The UK delegation would comprise 30 large, medium and small companies led by UKTI. Some of the participating companies are GlaxoSmithKline (GSK), Huntleigh Technology PLC, Aschmann, Royal College of Physicians, Royal College of Surgeons and the Department of Health International.
The Conference would review the growth trends in healthcare in India and overseas, provide exposure to global best practices and successful models in health care management and policy implementation, deliberate on areas of mutual cooperation and collaboration to deliver quality healthcare through application technology, and disseminate information on advances in medical technologies and devices.
The healthcare sector in India employs around 4 million people. The total Indian healthcare market including Pharmaceutical and Health Insurance currently estimated to be US$ 22.2 billion (5.2 per cent of GDP) is likely to rise to US$ 50 billion - US$ 69 billion (6.2-8.5 per cent of GDP) by 2012. A large proportion of this projected healthcare spending is by the private sector, rising from US$ 14.8 billion to US$ 33.6 billion in 2012. Realizing the potential in Indian Healthcare sector, UK and other countries are coming forward to promote partnership ventures based on mutual benefits.