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
January 13,2025

Mangaluru: Non-Resident Indians (NRIs) in Singapore remain determined to establish direct air connectivity between Mangaluru and Singapore despite setbacks. This follows Air India Express' (AIE) recent decision to postpone its planned direct flight service on this route, disappointing many expats.

In response, NRIs have proposed an alternative solution: extending IndiGo's existing Singapore-Bengaluru flight to Mangaluru. Currently, the Singapore-Bengaluru flight lands at Kempegowda International Airport at 7:40 AM, but passengers cannot board the 9:00 AM Bengaluru-Mangaluru connection due to insufficient transit time. Extending the Singapore-Bengaluru flight to Mangaluru would address this issue and benefit travelers.

Rajesh H. Acharya, director of HQ Connections in Singapore and coordinator of the Singapore Tuluver community, expressed disappointment over AIE's handling of the situation. "We’ve been advocating for this route since 2017, and it was close to becoming a reality. However, the sudden postponement and lack of stakeholder support have delayed our efforts," he said.

A petition has been submitted to IndiGo Airlines requesting the introduction of a direct Mangaluru-Singapore flight. Alternatively, it suggests extending IndiGo’s existing Singapore-Bengaluru flight to include Mangaluru. Expats have also approached Scoot Airlines in Singapore for direct connectivity. However, the lack of 'Point of Call' status for Mangaluru Airport remains a significant hurdle for international flights.

Despite the challenges, NRIs continue their efforts to make direct air connectivity between Mangaluru and Singapore a reality.

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News Network
January 9,2025

Mangaluru: In a significant development, Mescom has proposed a phased electricity tariff hike starting with Rs 0.70 per unit for the fiscal year 2025-26. The proposal has been submitted to the Karnataka Electricity Regulatory Commission (KERC) for approval, signaling a potential increase in electricity costs for consumers.

Mescom emphasized that the current tariff structure is insufficient to meet operational expenses and manage revenue effectively. To address this, the company has invited public objections to the proposed hike.

Currently, the electricity supply cost is Rs 9.23 per unit, while the consumer tariff stands at Rs 8.53 per unit, leading to a shortfall of Rs 0.70 per unit. For the financial year 2023-24, Mescom reported revenue of Rs 5,924.73 crore against an expenditure of Rs 6,310.39 crore, resulting in a deficit of Rs 367.66 crore. For the 2025-26 fiscal year, projected revenue is Rs 5,850.81 crore, with an actual requirement of Rs 5,961.63 crore, creating a deficit of Rs 110.82 crore.

In a first, Mescom has submitted a multi-year tariff revision proposal to KERC. The plan outlines a hike of Rs 0.70 per unit for 2025-26, followed by Rs 0.37 per unit for 2026-27 and Rs 0.54 per unit for 2027-28.

"An increase in electricity tariff is inevitable," stated Jayakumar R, Managing Director of Mescom. "Mescom has submitted a proposal in this regard to KERC."

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News Network
January 4,2025

Mangaluru: Dakshina Kannada MP Captain Brijesh Chowta met Union Home Minister Amit Shah in New Delhi on Friday to discuss key issues affecting the security and development of the region. The meeting highlighted several urgent concerns, ranging from counter-terrorism measures to infrastructure upgrades.

During the meeting, Chowta strongly advocated for establishing a National Investigation Agency (NIA) Centre in Mangaluru. He pointed out the city’s vulnerability to threats such as Islamic radicalisation, sleeper cells, and the activities of groups like SDPI and PFI. Citing the unrest during the Citizenship Amendment Act (CAA) protests, Chowta emphasized the ability of radical groups to incite large-scale disruptions. He argued that Mangaluru’s strategic coastal location necessitates an NIA Centre to bolster counter-terrorism operations and ensure regional security.

Chowta also discussed the Indian Coast Guard Academy, sanctioned for Mangaluru in 2020. He highlighted its potential to enhance India’s maritime security through advanced training in coastal defence, disaster response, and surveillance. Situated near the Arabian Sea and Mangalore Port, the academy is strategically positioned to address challenges in regions like Lakshadweep and the Maldives, aligning with India’s geostrategic interests.

The MP proposed the establishment of a Sainik School in Mangaluru to nurture leadership, discipline, and patriotism among local youth. He emphasized that such an institution would not only provide quality education but also act as a feeder for the armed forces, enhancing the region’s defence readiness. Chowta suggested pairing the school with a military installation, further strengthening coastal defence capabilities and supporting national security goals.

Addressing infrastructure, Chowta underscored the need to improve the Mangaluru-Bengaluru railway and road networks. He argued that enhanced connectivity would unlock the region’s economic potential, streamline logistics for New Mangalore Port, and support key industries such as fisheries, agriculture, and manufacturing. Additionally, upgraded infrastructure would boost trade, tourism, and employment opportunities.

On economic development, Chowta urged the revival of cooperative banks under the Ministry of Cooperatives. He proposed increased funding and loan facilities for businesses and farmers to enhance financial inclusion and regional economic stability. Strengthening fisheries cooperatives, he noted, would provide local fishermen with better access to financial services, loans, and insurance, improving productivity and security.

The MP’s discussions reflected a comprehensive vision for balancing security, infrastructure, and economic growth in Dakshina Kannada, aligning with both regional and national priorities.

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