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.
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 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.
A INR 1,500 crore project, the first major government investment for healthcare will kick off in the first week of October with the opening of architecture and design tenders for six hospital projects.
The Union Minister of Health and Family Welfare Dr Anbumani Ramadoss recently inaugurated New Delhi’s first ever college of nursing at the Lady Hardinge Medical College (LHMC). Affiliated to Delhi University, the college is recognised by the Indian Nursing college.
The Indian Space Research Organisation (ISRO) and Sir Ganga Ram Hospital, will connect the hospital’s cancer specialists to patients in rural areas, by providing the country its first mobile mammography service (to be launched soon) in a bid to provide medical aid to breast cancer patients in far-flung rural areas.
A growing number of young IT professionals in India are seen to be suffering from lifestyle diseases. Keeping this in view the government is planning a workplace health policy for those working in this sector.
A Swedish industry delegation led by the country
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.
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.
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
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.
US-based venture capital fund ePlanet is in talks to invest $12 million in Chennai-based medical technology company Trivitron.
