Health sector can attract investments of Rs 9 trillion by 2022: Dr K Sudhakar

News Network
December 19, 2020

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Bengaluru, Dec 19: With the right kind of investments, the healthcare sector can attract public and private investments to the tune of Rs 9 trillion by 2022, Karnataka Minister for Health and Family Welfare Dr K Sudhakar said on Saturday.

In his keynote address at the first pre-event of 'TechBharat 2021' hosted jointly by Laghu Udyog Bharati and IMS Foundation, Union Government and the Karnataka Government here on Saturday, he said that in the last two decades healthcare has witnessed substantial technological advancements which has created many opportunities to provide good healthcare to the masses.

He said, “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, etc., 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 in providing good healthcare to the population.”

The Minister gave a clarion call to investors to set up high-end healthcare services in Karnataka and assured that his government will traverse the extra mile in supporting such enterprise on priority.

Dr Sudhakar said, “Karnataka is a land full of opportunities for players in the medical devices industry. It has also become one of the leading destinations for high-end diagnostic services with tremendous capital investment for advanced diagnostic facilities, thus catering to a greater proportion of population. Further through social entrepreneurship, access and traction to healthcare insurance, financing of healthcare services, building healthcare repositories and adoption of innovative business models to tackle healthcare needs. 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.”

Mr Gaurav Gupta, Principal Secretary echoing the same sentiments 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 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. The 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 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 & entrepreneurs, 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.

Speaking on the occasion, Infosys Limited former Chairman Kris Gopalakrishnan said that during the COVID period there has been a massive acceleration and adoption of digital technology in everybody's life. “The digital transformation which would have happened in five years has occurred in just five months be it e-com, WFH, consumption of digital content, financial business and so on,” he added.

In his welcome address Laghu Udyog Bharati President P S Srikanta Dutta said that healthcare and education are two vital streams that drive economic and GDP growth significantly across the globe. 'By organising TechBharat, we at LUB-K and IMS Foundation would like to do our small bit by contributing to the growth of the Indian economy'.

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News Network
September 19,2024

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Ramanagara, Sep 19: A case of rape, sexual harassment and criminal intimidation has been registered against BJP MLA Munirathna and six others, police said on Thursday.

It was registered following the complaint of a 40-year-old woman who alleged that the incident took place at a private resort within the Kaggalipura police station’s jurisdiction.

“We received a complaint on Wednesday night and based on it, we have registered case against seven people, including the BJP MLA under various sections for rape by public servant, sexual harassment, criminal intimidation, criminal conspiracy, voyeurism, intentional insult with intent to provoke breach of peace, Information Technology Act, and others,” a senior police officer said.

The matter is being investigated, he said.

The fresh FIR against the BJP MLA, also a former Minister, comes days after he was arrested by the Bengaluru Police in connection with the two cases filed against him for alleged harassment, threats and casteist abuse, police said.

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News Network
September 13,2024

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NRI professionals hailing from the coastal and Malnad regions of Karnataka, now based in Singapore, Indonesia, Malaysia, Hong Kong, and Australia, have been urging the Indian government and airlines to introduce a direct flight between Mangalore International Airport (MIA) and Singapore’s Changi Airport.

These professionals argue that Singapore’s strategic location as a hub connecting India with East Asia makes this flight essential. They highlight that this route would serve over 12 million people from the coastal and hill regions of southern India, fostering stronger ties with East Asian economies.

The group, consisting of individuals from Dakshina Kannada, Uttara Kannada, Udupi, Chikkamagaluru, Kodagu, Shivamogga, and Hassan, is spearheaded by Rajesh H Acharya, director of HQ Connections Pte Ltd, Singapore, and coordinator of the Singapore Tuluver community. Acharya emphasized the significance of the Indian government’s Act East policy, which aims to strengthen relationships between India and ASEAN, East Asia, and the Asia-Pacific region.

“This flight will open new doors for cultural, trade, tourism, and technological exchanges between these regions,” Acharya said.

The Mangalore Chapter of IndUS Entrepreneurs (TiE) has also proposed positioning the region as the 'Silicon Beach of India.' A direct flight would provide greater opportunities for entrepreneurs and investors from both Singapore and Mangaluru, boosting business exchanges.

Moreover, Singapore’s Changi Airport could see increased tourism from the Karnataka coast, while Coastal Karnataka would benefit from a surge in visitors from ASEAN countries, the Far East, Australia, New Zealand, and the US West Coast.

While a similar attempt in 2017 did not succeed, Acharya and his team are hopeful that this time their appeal will be taken seriously, tapping into the immense growth potential of the eastern half of the globe.

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News Network
September 14,2024

Bengaluru: Karnataka Home Minister G Parameshwara on Saturday said the situation in violence-hit Nagamangala town in Mandya district is peaceful now, and steps have been taken to ensure that no untoward incidents take place.

Clashes had broken out between two groups during the Ganesh idol procession in the town, following which mobs went on a rampage with stone pelting and targeting several shops and vehicles leading to tension on Wednesday night.

"Situation in Nagamangala is now peaceful and there is no problem there. I have also instructed officials to hold a peace meeting there. We have instructed officers to ensure that no untoward incidents take place, enough police force is also stationed there," Parameshwara told reporters here.

About 55 people have been arrested in connection with the incident and they have been sent to judicial custody, according to police sources.

Responding to a question on opposition parties including JD(S) leader H D Kumaraswamy raising doubts about the FIR, he said, "The police will do what has to be done in accordance with law..."

Asked about BJP sending a fact finding team to Nagamangala, the Home Minister said, "Let them find the facts and inform us, and if there is any fact from their fact finding, we will look into it. It will make our work a bit easier." The BJP panel consisting of MLA C N Ashwath Narayan, former Minister Byrathi Basavaraj, former Minister K C Narayana Gowda, state secretary Lakshmi Ashwin Gowda, and former IPS officer Bhaskar Rao, will visit the spot and submit a comprehensive report to the party in a week.

According to police, an argument had broken out between two groups, when the Ganesh idol procession by devotees from Badri Koppalu village reached a place of worship on Wednesday, and some miscreants hurled stones, which escalated the situation.

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