Countless chances exist in the health sector, Mandaviya to investors at the UP summit

Stressing that re are immense opportunities to invest in health sector, Union Minister of Health and Family Welfare Mansukh Mandaviya on Saturday exhorted investors to take vantage of decisive and double engine government.

He also appealed to investors to realise vision of Prime Minister Narendra Modi to turn India into a developed nation by 2047.

Union minister, referring to his recent visit at a meeting of World Economic Forum, cited investors saying re that India is best destination to invest in.

Mandaviya was dressing sectorial session on 'healthcare through investors lens post COVID scenario' on second day of three-day Global Investors Summit.

"This investors summit is taking place in Uttar Presh when a decisive government is at helm, re is a Modi government at top and a double engine government is working. Development and entrepreneurs will be encouraged and UP also has a proactive health minister," Union minister said.

He appealed to investors to take vantage of this situation and invest in UP so that investment takes place in country.

He exuded confidence that with country's GDP growth rate of 6 to 7 per cent GDP, India can become a developed country when it celebrates 100th year of Independence in line with Prime Minister Narendra Modi's vision. Union minister asked everyone to contribute so that target is achieved.

Describing Ayushman Yojna as an investment opportunity, he asked private sector to create 50 or 100-bed hospitals with design of Ayushman Scheme.

" government will give assured business by connecting with Ayushman Yojna which has become so robust that money is transferred in bank accounts in 10 to 15 days of raising bill. Poor get treatment and hospitals become sustainable," Union Health minister said.

"I have discussed with World Bank about starting private hospitals so that if you start a 100-bed hospital, it will provide a long-term loan at less interest rate. An arrangement is being created so that private sector can make a contribution in it," he said.

minister said an ecosystem is being created to attract private investment in pharmaceutical sector as well.

Stressing that private sector and individual entrepreneurs should also get opportunity in research in ICMR-created institutes of international standards, he said government is working in this direction so that those running MSMEs are able to do research on ir special products.

He said re should also be efforts to lessen dependence on imports for medical devices which today stands at 65 per cent.

session was also dressed by Uttar Presh Health Minister Brajesh Pathak who said state is rey to play an active role in health sector and assured investors of all possible help.

He said medical colleges are being set up in all 75 districts of state.