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FICCI Proposes Models To Solve Indias Healthcare Crisis

or 10 years for building new facilities and upgrading old ones, extension of exemption to companies creating training in the medical area, industrial status to the sector and soft loans from public sector banks and reduction in custom duty on identified medical equipment.

In addition, FICCI has also called for income tax relief of 15 percent subject to review after a five-year period and enforcement of quality in government hospitals, laboratories and blood banks.

The chamber has suggested attracting private investment in the sector, including foreign direct investment following the PPP route and expanding medical education and training, thereby promoting India as a global hub for quality and affordable healthcare services.

To promote India as a healthcare hub, FICCI has suggested bilateral initiatives like a Joint Economic Trade Committee (JETCO) between Britain and India, business-to-business facilitation for British and Indian companies for medical equipment and mutual recognition of medical degrees among others.


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