Global investors’ interest in ‘Make in India’ initiative to spur job avenues and revenue growth: Dr GSK Velu
Global investors are working out strategies to maximize the Union government’s Make in India initiative. The move would accelerate job openings and revenue generation, said Dr. GSK Velu, chairman and managing director, Trivitron Healthcare.
The government this year has incorporated concrete measures to make healthcare easily accessible at a lower cost in rural India through Ayushman Bharat. The healthcare sector is forecast to be on a surge due to increasing medical experts in the country, infrastructure advancements, therapeutic and technology developments, and affordability for international medical tourists, he added.
Take for instance, the healthcare scheme ‘Suraksha Bima Yojana’, where 40 per cent of Indians will be covered through three social security schemes like the Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana. From an insurance cover of Rs.1 per day to a coverage for accidental fatalities and disabilities, the new schemes are enhancing the social security framework. The National Health Protection Scheme covers 50 crore poor families, with up to Rs.5 lakh per year for secondary and tertiary care hospitalization.
Apart from these schemes, this year’s Union budget introduced ‘Swasth Bharat’, a systematic and sustainable program to promote health. The government has been encouraged to set up 24 new government medical colleges and hospitals in the country post the budget. This promises approximately one medical college for every three parliamentary constituencies and one government medical college in each state which indicates a drastic improvement in clinical practice and clinical research in India, said Dr. Velu.
Moreover Ayushman Bharat is undertaken to improve the primary healthcare infrastructure and increase the insurance coverage for poor families. Further the plan has increased the limit of health insurance for senior citizens’ under section 80 D.
All these government initiatives have enhanced the employment opportunities in the healthcare sector. This is because the healthcare delivery mechanism is strengthened in rural and semi urban areas. The move to create 1.5 lakh health and wellness centers which will provide free essential drugs, diagnostic services and medicines to every doorstep, will also manage the non-communicable disease(NCDs), maternity and other common illnesses. For this, the government has set-aside a sum of Rs.1,200 crore.
While the government has taken extensive steps to improve the access and cost of healthcare, private healthcare providers need to work together to effectively address all the concerns in the sector and build a brighter healthcare system, said Dr. Velu.