Fortis Healthcare utive Chairman Malvinder Mohan Singh said India has to focus on technology-driven healthcare services as setting up a physical infrastructure proves very costly. Mr. Singh was speaking at the World Economic Forum.
India need investment of USD 100 billion for creating physical infrastructure across the country, added Mr. Singh. He said, honestly no matter how many people put that money, I don’t see that happening.
Mr. Singh offered an solution of adopting technology in every possible way. “So for we, to address that, it is going to be through technology. It is going to be through taking healthcare investments closer to people in tier II and III cities and many companies are doing that.” said Mr. Singh.
Singh also lamented the lack of initiative from the government to address the issue of access to healthcare.
“Today 75 per cent of healthcare infrastructure is owned and managed by the government but 75 per cent of the people are treated by the private sector,” he said.
Stating that there is a huge demand and supply gap in the sector, specially in the rural areas, he said: “We have about 10 hospitals in tier II and III cities and we continue to invest there and our business is growing.”