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Hospital to the World 07 GUEST COLUMN India’s medical tourism edge by Bhavdeep Singh, Fortis Healthcare 22 INTERVIEW Make in India has opened doors for companies Alok Shrivastava, Gionee India 62 STATE FOCUS Investing in Andhra a win-win by Chandrababu Naidu, Chief Minister 38 CSR FOCUS Prince Charles backs new education bond for India Hospital to the World Published by November 2017 EDITOR’S NOTE he last few weeks have brought some cheer for those Ttracking the investment climate in India. Credit rating firm Moody’s upgraded India’s sovereign India Investment Journal is published rating by one notch, a move seen as a clear endorsement of by India Inc. the economic reform agenda underway in the country. A key plank of this agenda has been the ambition to improve the ease of doing business in the country, which also received a major boost with India moving into the top 100 in the World TEAM Bank’s ‘Doing Business 2018: Reforming to Create Jobs’ Chief Executive report. This marked a convincing jump of 30 spots from last year’s rank of 130th to this year’s 100th. The report notes that Manoj Ladwa India has adopted 37 reforms since 2003 and nearly half of [email protected] these reforms have been implemented in the last four years. There was more good news in store as the country moved Editor up in the International Monetary Fund (IMF) GDP per capita index. India saw its per capita GDP rise to $7,170 in 2017, Aditi Khanna up from $6,690 in 2016, improving its rank by one position to [email protected] 126th. All these indicators put together paint a broadly positive Commercial Director picture for the inward investment landscape in the country. This edition of ‘India Investment Journal’ analyses many of Erik van Kaathoven the trends that have led to this economic bounce through the [email protected] prism of specific sectors. The Cover theme explores India’s pitch to become the VP Operations hospital to the world with an in-depth look at the country’s vibrant tourism sector. It covers a range of views on medical Rajvi Singhi tourism by Fortis Healthcare and Vaidam as well as the [email protected] relatively new market of second homes as an alternative to homestays by Oyo. Special Projects Director The Big Story for this month is the country’s booming mobile phone market and what makes it attractive to global Nomita Shah giants. We explore how India is set to hit 530 million [email protected] smartphone users, way ahead of the US figure of 229 million, by 2018 and a telecom expert explains how Digital India in Events Manager sync with Make in India will enable local innovation in the mobile phone market. Dina Ladwa We take regular stock of some of the Indian government [email protected] flagship schemes, with strides in Digital India captured under our regular Tech Speak column as well as an update on the UK-India Future Tech Month. Invest India elaborates on the www.indiaincorporated.com details of a new Access India programme to hand-hold small and medium enterprises (SMEs) for their entry into one of the © India Inc. Limited, all rights reserved. Reproduction fastest growing markets in the world. in whole or in part without our written permission is The CSR Focus is on a new social development bond prohibited. Views expressed by our contributors are their launched to meet enhanced education goals in India and the own and do not necessarily represent the views, policies State Focus this time is on Andhra Pradesh, which includes of India Inc. While every effort is made to achieve total a sneak-peak into the new state capital of Amaravati and a accuracy India Inc cannot be held responsible for any first-hand account of Chief Minister Chandrababu Naidu’s errors or omissions. investment scouting mission to the UK. To round off the edition, Realty Corner provides a broad NOT FOR SALE sweep of the Indian property market and Yoga Corner focuses PUBLISHED IN LONDON & INDIA on the art of breathing. Aditi Khanna Editor, India Inc. November Edition Price £5 www.indiaincorporated.com India Investment Journal 3 THIS ISSUE CONTENTS COVER STORY 15 India among London’s fastest growing tourism markets HOSPITAL TO THE WORLD 17 Expert View When travel meets treatment by Pankaj Chandna & Manish Chandra, co-founders, Vaidam 19 Industry View Unlocking second homes: An alternate approach to homestays in India by Kavikrut, Chief Growth Officer at OYO THE BIG STORY 22 INTERVIEW EDITOR’S NOTE 03 Editor’s Note by Aditi Khanna Make in India has opened doors for companies Alok Shrivastava, Director – Business Intelligence and Planning at Gionee India 26 Expert View Mobile handset market in India by Tarun Pathak, Associate Director, Counterpoint Technology Market 07 Guest Column Quality care and cost Research effectiveness gives India its medical tourism edge by Bhavdeep Singh, Chairman, FICCI Medical Value 29 Special Report India to retain second spot Travel Committee, and CEO, Fortis Healthcare Limited. among world’s smartphone users 4 India Investment Journal www.indiaincorporated.com FLAGSHIP SCHEMESCHEMES OTHER HIGHLIGHTS 48 Expert View Limited Liability Partnership: An alternative choice of entity to invest into India by Ajay K. Sanganeria, Vikram Mehta & Gaurav Tanna 34 India-UK Access India: A new trade & 50 Insight New findings inspire investment window confidence in India’s reporting of by Vivek Sonny Abraham, Assistant Vice-President, methane emissions Invest India by Dr Anita Ganesan is the NERC Research Fellow and Proleptic Lecturer at University of Bristol. 52 Realty Corner The changing face of Indian real estate by Deepak Sam Varghese is founder- director of Moonbeam Advisory 36 Digital India Reliance Jio explores UK university tie-up for new Virtual Reality app 54 From the Scene Mayor of London plans India visit to pitch London is Open message 38 CSR Focus Prince Charles backs new education bond for India 56 Yoga Corner Breathing techniques linked to yoga by Keerti Mathur, Associate, Gait and Posture Centre STATE FOCUS/Andhra Pradesh 40 Tech Speak Digital India can win the economic nationalism race by Nitin Dahad, UK-based Tech Adviser 58 Born-again Andhra Pradesh in a league of its own by India Inc. Staff 62 First Person Investing in Andhra Pradesh a win-win situation: 42 Digital India India-UK Future Tech Month Chandrababu Naidu promotes innovation ties www.indiaincorporated.com India Investment Journal 5 6 India Investment Journal www.indiaincorporated.com GUEST COLUMN QUALITY CARE AND COST EFFECTIVENESS GIVES INDIA ITS MEDICAL TOURISM EDGE by Bhavdeep Singh The chief of one of India’s leading healthcare players, Fortis Healthcare, weighs up India’s appeal as a hub for international patients. edical tourism is a phenomenon where people travel from growth of medical tourism in India. Mtheir home country to another nation to access quality As per the Federation of Indian Chambers of Commerce & medical care. There are many factors which influence their Industry (FICCI), Indian medical tourism is expected to reach decision, the most common one being the ability to access $6 billion by 2018, with the number of people arriving in the quality medical procedures which country for medical treatment are not conducted within the doubling over the next four years. boundaries of their home country. According to the Ministry of Having said that, while the The medical expertise available in India and the Commerce, India is the fastest quality of clinical care is the resultant medical outcomes are talked about all growing medical destination primary area of focus, cost over the world and consistently meet international in Asia with medical tourism in continues to play a key role in benchmarks and standards. the country slated to become a positioning India as an attractive $9-billion industry by 2020. A medical tourism destination. With recent report published by an the advancements of the recent past, the Indian healthcare industry association stated that India’s hospitals are of global delivery system has made significant progress in terms of standards and our skilled specialists have given a sizeable medical outcomes, ease of access and quality of patient care boost to our country’s credibility as a preferred destination for which, along with favourable pricing,¬ has contributed to the patients from outside India. The medical expertise available in www.indiaincorporated.com India Investment Journal 7 India and the resultant medical outcomes are talked about all on medical treatment in India are also significant compared over the world and consistently meet international benchmarks to countries such as Singapore, Mexico, Turkey, Malaysia, and standards. Thailand and Costa Rica. Pakistan, Bangladesh, Nepal, Some significant factors for the substantial increase Afghanistan, and Maldives. Closeness to India and similar in medical tourism in India include lower costs of medical cultural ethos drive greater inflow of patients from procedures, world class expertise and treatment solutions, these regions. highly qualified doctors, rising ability of our clinicians in It is also worth mentioning that an additional important conducting complicated procedures, better technology, wider criterion for servicing international patients is international treatment options, lower logistics, accommodation costs and accreditation from the Joint Commission International (JCI). no waiting list, as compared to their home countries. Over the Their standards must be met by hospitals in order to be last few years, India has made significant advances in high-end accredited and the JCI serves to provide international medical procedures and now offers comprehensive treatment patients with assurance and confidence in selecting hospitals across the entire spectrum of medical sciences. From the for treatment. latest treatments like immunotherapy, TAVI and LVAD surgeries The government of India has been proactive and helpful to heart and other organ transplants, India is definitely at par in the process of granting visas to international patients.
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