I am optimistic about the new government and hope we have some new projects and improvements in medical sector, says Dr Vinod Kohli, CEO, Allied Medical.
On your journey as pioneers in anesthesia industry
I have seen this industry from the time Ether was used in anesthesia, and as an anesthetist we were told that it had no side effects and so safest to use on patients. A lot has changed from then till today, when I manufacture smart and intelligent infusion pumps that are programmed to follow any required flow in an automated way. During our early days, we have been partners to leading medical institutions across India offering latest equipment in anesthesia and critical care. We did the entire intensive care and ICU set up in many hospitals. Our focus is on anaesthesia and intensive care and we make every type of life saving equipment. I am involved in R&D and manufacture of latest equipment in UK as well. We are a leading manufacturer with close association with Association of British Healthcare Industry (ABHI), which also gives us exposure to international business.
On role of IT and its benefits
IT has contributed significantly in modern medical equipment sector. All the anesthesia and infusion pumps have a large IT component. The infusion pumps that we are manufacturing also have an IT component to it and we just need to programme it according to the dose requirements. Modern ventilators both for anesthesia and intensive care have major IT role. However, there still remains much to be done for the medical industry. Unfortunately our IT industry has excelled in outsourcing to other countries but has missed to focus on medical field and contribute to smarter equipment and software.
On major challenges
In India it is a tough terrain to be a manufacturer of medical devices and equipment. Medical devices manufacture requires large Investment. The first roadblock that hits us is funding as banks lend us at very high interests rates as compared to the perks that importers or global companies get. Export is a problem in India for healthcare manufacturers. Second major challenge is to find highend vendors, suppliers and manpower with latest and in-depth technical knowhow.
On quality and standards
When safety is considered there is no compromise. Today anaesthesia is the safest specialty of medicine. As a medical field in its practice and applications, both surgeons and machines have grown to high standards. This was mainly because of the technology and engineers that have raised anesthesia specialty to new heights. The dependence on technology has also increased; this has another side to it as well, as any deficiency in the technology can become fatal too in todays high tech equipments.
On your vision
My vision is to make this company going on a growth path both technically and economically. It is a competitive environment and I compete with the best in the medical sector. Our products are of highest quality standards. My focus is more on R&D. Our R&D is biggest asset and we keep spending inspite of constraints of funds. My aim is to become one of the major multinational players in medical equipment industry. We have already forayed into number of countries through our UK associates. We will be soon in Russia and African countries.
I am optimistic about the new government and hope we have some new projects and improvements in medical sector.