Health Financing/Insurance

India eyes USD 6.5 billion funding for medical tourism

The Union Tourism Minister, Ambika Soni said at a Health Summit organised by India’s Confederation of Indian Industries, that India is trying to simplify procedures for foreign investors to invest in Indian hospitals and hotels. She forecasted USD 6.5 billion flowing into the sector in the coming years. She added that “the biggest deterrent for foreign investors is the unavailability of a single window clearance system.” She said the government was in talks with three international firms to set up 1,000-bed hospitals in New Delhi and adjoining areas. “They will meet government by the end of this year and they will also set up budget accommodation facilities for patients,” she said at the health conference.

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