GE Healthcare’s increasing focus on domestic market

Growing at 18-20 per cent a year already, and with sales of $475 million, including both domestic and exports. They have now raised their targets even further.

Wipro’s BPO arm poised to buy MarketRx

According to sources, Wipro BPO is likely to buyout MarketRx, a pharma focused market analytics company, bolstering its analytics practice, which at present accounts for less than 10% of its revenues.

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Santo Holding (Germany), a subsidiary of Hexal founders Str

Hindujas, DP World to invest Rs 200 cr in healthcare

Hinduja TMT Ltd, renamed as Hinduja Ventures, and its joint venture partner UAE’s DP World have announced plans to invest Rs 100 crore each to enter the healthcare sector.

Trivitron MD receives Rajiv Gandhi Shiromani Award, 2007

In recognition for his outstanding contribution in the field of diagnostic and health care industry in India, Dr. GSK Velu, Managing Director, Trivitron group of companies has been conferred with the ‘Rajiv Gandhi Shiromani Award,2007’.

Norwest to Venture Beyond IT to Healthcare and Retail in India

Kurt L Betcher, administrative partner and chief financial officer of Norwest Venture Partners (NVP), and his colleague and general partner Robert B Abbott were recently in India.

Betcher’s focus was on the logistics of setting up and running an office in India, while Abbott, was looking for investment opportunities in the country, beyond the realm of technology that NVP had so far restricted itself to.

SRIT forms a Joint Venture HealthCare ICT Company in China

Sobha Renaissance Information Technology (SRIT), a Bangalore based global software products and solutions provider, recently announced the setting up of a joint venture (JV) company in China called Sunpa Sobha Software (China) Ltd with ‘Yunnan Sunpa Image Tel Tech Co. Ltd (Sunpa)’ as its JV partner. Headquartered in Kunming, Sunpa Sobha Software (China) Ltd. will have operating branches in Beijing, Shanghai, Guangzhou, and Shenzhen.

Trivitron(Chennai, India) and Aloka(Japan) sign JV

Trivitron group of companies, the largest Indian medical technology company and Aloka, the innovators in Ultrasound technology from Japan today announced their joint venture agreement to manufacture cost effective, High Technology Ultrasound equipment in India to suit the needs of the developing countries. The Joint Venture will embark on an Initial investment of about 50 crores by both the companies followed by further investments in due course.

Swedish business bullish on investment, JV opportunities in India

A Swedish industry delegation led by the country

RIL plans Rs 25k cr healthcare initiative over 7-8 yrs

According to sources, Reliance Industries (RIL) plans a Rs 25,000 crore healthcare initiative over 7-8 years. The healthcare initiative will integrate with Reliance Retail foray.

Wockhardt’s target: $1 billion sales next fiscal

Pharmaceutical manufacturer Wockhardt is expecting a $600 million (INR 2400 crore approx) turnover in 2007-08. By 2008-09, the company envisages a turnover of $1 billion.

Fortis ventures into South India

The Fortis group recently announced their decision to buy 48% stake in Chennai-based Malar Hospital for around Rs 42 crore. This move will mark the group’s first entry in South India.

ePlanet (US) to invest in Chennai medical technology company Trivitron

US-based venture capital fund ePlanet is in talks to invest $12 million in Chennai-based medical technology company Trivitron.