Pharmaceutical companies in India

FICCI welcomes Govt. intent to grant industry status to hospitals

Sangita Reddy- Senior VP, FICCI
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Sangita Reddy- Senior VP, FICCI

NEW DELHI: The Federation of Indian Chambers of Commerce and Industry (FICCI) has welcomed the Indian Government’s announcement for according ‘industry status’ to private hospitals,  and the proffered support to the hospitals for land acquisition, clearances and funding, to boost expansion of healthcare infrastructure in tier 2 and 3 cities.

Ms. Sangita Reddy- Senior VP, FICCI, and Joint MD, Apollo Hospitals Enterprise Ltd, said, “The government move strongly reinforces private healthcare providers’ commitment towards improving access to quality care.”

She added that “FICCI’s Health Services Committee has been advocating for more than a decade for long term financing options and viability gap funding for healthcare sector and it is heartening to see it shaping into reality”.

Brig Dr Arvind Lal- Chair, FICCI Health Services Committee and CMD, Dr Lal PathLabs Ltd said, “The new hospitals which will be mandated to empanel under PMJAY should be allowed to charge other patients who can afford to pay as per market rates, as the current PMJAY package rates may not be sustainable to set up and run operations in such locations”.

Dr Alok Roy- Co-chair, FICCI Health Services Committee, and Chairman, Medica Group of Hospitals, said, “Through incentives like viability gap funding of up to 40% of the total project cost and gap funding of up to 50% of tax on capital cost, the government is providing opportunity for emergence of innovative hospital formats, such as no-frills, high quality hospitals.”

Apart from aiding expansion of bed capacity, the new hospitals will open avenues for employment in tier 2 and 3 cities, in the healthcare sector, the FICCI statement said.


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