Responding to the requirements of the medical electronics industry and to create awareness about the opportunities as the next growth area after IT sector, Federation of Indian Chambers of Commerce and Industry launched the “FICCI Medical Electronics Forum” (FICCI-MEF) on October 23, 2007 at FICCI New Delhi.
Mumbai-Based business process outsourcing company Accentia Technologies has reportedly acquired three US-based healthcare BPO companies for about INR 800 million, sources close to the deal said.
Stressing the need for better healthcare facilities in rural India, Planning Commission deputy chairman Montek Singh Ahluwalia has said the country will spend two per cent of its GDP on health in the 11th Five Year Plan (2007-12).
The Mumbai based Electrolab, manufacturer of dissolution tester for pharma industry in the country, will launch an online connectivity software next month.
Indian drug maker Wockhardt recently acquired US-based speciality drugs company Morton Grove Pharmaceuticals, which has annual sales of $52 million.
The multi-million dollar Hinduja group has finally revealed its plans of investing in India’s sunrise sectors like healthcare and insurance.
Thermo Fisher Scientific Inc. , the world leader in serving science, today announced it has broken ground on a new USD 17 million facility in Ahmadabad, India, to support growing demand for biopharma services in that country.
Perot Systems, the second largest solution providers for the healthcare vertical in the US, having a $1.25 billion business in the healthcare industry, recently set up shop in Tamil Nadu.
In India, the solution provider now has set-ups in Chennai and Coimbatore (in Tamil Nadu) apart from ones in Bangalore and Noida.
Pharmaceuticals major Ranbaxy Laboratories plans to make China its major sourcing hub for active pharmaceutical ingredient (API).
Sarva Swastha Abhiyan (SSA) and the Rotary Club of Ahmedabad Metro organized workshop in Gujarat (India) to bridge the wide disparities in healthcare services and telemedicine services.
The National AIDS Control Organization (NACO) has launched Mobile Integrated Counselling and Testing Centre (ICTC) in Nagaland (India) in collaboration with the state AIDS control (NSACS).
Reliance Life Insurance, one of the leading life insurance players in India, will invest INR 1000-1200 crore (US$ 250- 300 million) in 2-3 years to expand its insurance business.
